Quantessence Capital LLC Takes $999,000 Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Quantessence Capital LLC acquired a new position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 13,000 shares of the company's stock, valued at approximately $999,000.

Other large investors also recently bought and sold shares of the company. LPL Financial LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 28.1% during the 4th quarter. LPL Financial LLC now owns 117,700 shares of the company's stock valued at $9,041,000 after acquiring an additional 25,840 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in Coca-Cola Europacific Partners by 43.3% in the fourth quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company's stock worth $221,835,000 after purchasing an additional 872,060 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in Coca-Cola Europacific Partners in the 4th quarter worth approximately $446,000. World Investment Advisors LLC purchased a new stake in Coca-Cola Europacific Partners during the 3rd quarter valued at $6,975,000. Finally, Amundi lifted its holdings in shares of Coca-Cola Europacific Partners by 2.9% during the 4th quarter. Amundi now owns 3,078,851 shares of the company's stock valued at $233,716,000 after buying an additional 87,675 shares during the period. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Trading Down 0.9 %

Coca-Cola Europacific Partners stock opened at $88.47 on Tuesday. The firm has a 50 day moving average of $85.55 and a 200 day moving average of $80.18. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $40.78 billion, a price-to-earnings ratio of 18.20, a P/E/G ratio of 4.89 and a beta of 0.73. Coca-Cola Europacific Partners PLC has a 12-month low of $67.80 and a 12-month high of $91.29.

Analysts Set New Price Targets

Several analysts recently commented on the company. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Barclays raised their target price on Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Finally, Evercore ISI upped their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners has an average rating of "Moderate Buy" and a consensus price target of $87.13.

Coca-Cola Europacific Partners Company 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.

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