PNC Financial Services Group Inc. Buys 5,554 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

PNC Financial Services Group Inc. lifted its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 38.6% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 19,948 shares of the company's stock after purchasing an additional 5,554 shares during the quarter. PNC Financial Services Group Inc.'s holdings in Coca-Cola Europacific Partners were worth $1,532,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Moody Lynn & Lieberson LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 5.0% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company's stock worth $242,000 after buying an additional 150 shares during the period. Blue Trust Inc. boosted its stake in Coca-Cola Europacific Partners by 16.2% in the 4th quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock worth $94,000 after purchasing an additional 166 shares during the period. Vestmark Advisory Solutions Inc. grew its position in Coca-Cola Europacific Partners by 4.7% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 3,855 shares of the company's stock worth $296,000 after purchasing an additional 172 shares in the last quarter. HighTower Advisors LLC grew its position in Coca-Cola Europacific Partners by 0.4% during the 3rd quarter. HighTower Advisors LLC now owns 41,187 shares of the company's stock worth $3,242,000 after purchasing an additional 177 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Coca-Cola Europacific Partners by 0.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 47,496 shares of the company's stock valued at $3,740,000 after purchasing an additional 177 shares during the period. Hedge funds and other institutional investors own 31.35% of the company's stock.

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Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on CCEP. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. UBS Group lifted their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research report on Monday, December 9th. Sanford C. Bernstein started coverage on shares of Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a "market perform" rating and a $82.00 price target on the stock. Finally, Barclays upped their target price on Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the stock an "overweight" rating in a research report on Thursday, March 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $86.67.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ:CCEP traded up $0.08 during midday trading on Wednesday, hitting $85.67. The company's stock had a trading volume of 1,589,209 shares, compared to its average volume of 1,396,423. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The stock's 50 day simple moving average is $81.19 and its 200 day simple moving average is $79.07. The stock has a market capitalization of $39.49 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a fifty-two week low of $65.94 and a fifty-two week high of $88.39.

Coca-Cola Europacific Partners Profile

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.