195,271 Shares in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Acquired by Raymond James Financial Inc.

Raymond James Financial Inc. acquired a new stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 195,271 shares of the company's stock, valued at approximately $14,999,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. SBI Securities Co. Ltd. bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB grew its stake in Coca-Cola Europacific Partners by 85.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock valued at $33,000 after acquiring an additional 197 shares in the last quarter. Summit Securities Group LLC bought a new stake in Coca-Cola Europacific Partners during the 4th quarter worth approximately $34,000. Whipplewood Advisors LLC purchased a new stake in Coca-Cola Europacific Partners in the 4th quarter worth approximately $52,000. Finally, Blue Trust Inc. raised its position in shares of Coca-Cola Europacific Partners by 16.2% in the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock worth $94,000 after buying an additional 166 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Down 0.3 %

Shares of CCEP traded down $0.28 during mid-day trading on Friday, reaching $87.87. The company's stock had a trading volume of 961,414 shares, compared to its average volume of 1,710,669. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a 52 week low of $70.28 and a 52 week high of $91.29. The company's fifty day moving average price is $85.86 and its two-hundred day moving average price is $80.39. The stock has a market cap of $40.51 billion, a PE ratio of 18.05, a P/E/G ratio of 4.89 and a beta of 0.73.

Analysts Set New Price Targets

CCEP has been the subject of several recent analyst reports. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Evercore ISI boosted their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. Finally, Barclays raised their price objective on shares of Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $87.13.

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.