Raymond James Financial Inc. Invests $15 Million in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

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

A number of other large investors have also recently made changes to their positions in CCEP. Moody Lynn & Lieberson LLC raised its position in 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 acquiring an additional 150 shares during the period. Blue Trust Inc. raised its position in 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 acquiring an additional 166 shares during the period. HighTower Advisors LLC raised its position in Coca-Cola Europacific Partners by 0.4% in the third quarter. HighTower Advisors LLC now owns 41,187 shares of the company's stock worth $3,242,000 after acquiring an additional 177 shares during the period. Wealth Enhancement Advisory Services LLC raised its position in Coca-Cola Europacific Partners by 0.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 47,496 shares of the company's stock worth $3,740,000 after acquiring an additional 177 shares during the period. Finally, MassMutual Private Wealth & Trust FSB raised its position in Coca-Cola Europacific Partners by 85.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock worth $33,000 after acquiring an additional 197 shares during the period. 31.35% of the stock is owned by institutional investors.

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Wall Street Analyst Weigh In

Several analysts have commented on CCEP shares. Sanford C. Bernstein started coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a "market perform" rating and a $82.00 price objective on the stock. Evercore ISI lifted their target price 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. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. UBS Group lifted their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Finally, Barclays boosted their price objective on shares of Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an "overweight" rating in a research note on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Coca-Cola Europacific Partners has a consensus rating of "Moderate Buy" and an average price target of $86.88.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock traded down $0.64 during mid-day trading on Friday, hitting $84.92. 13,187,704 shares of the company traded hands, compared to its average volume of 1,458,088. Coca-Cola Europacific Partners PLC has a one year low of $65.94 and a one year high of $88.39. The stock has a market cap of $39.14 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. 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 has a fifty day moving average price of $81.80 and a 200-day moving average price of $79.19.

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.