Russell Investments Group Ltd. Increases Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Russell Investments Group Ltd. boosted its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 22.3% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 163,366 shares of the company's stock after acquiring an additional 29,840 shares during the period. Russell Investments Group Ltd.'s holdings in Coca-Cola Europacific Partners were worth $12,538,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Aviva PLC boosted its holdings in shares of Coca-Cola Europacific Partners by 4.0% in the fourth quarter. Aviva PLC now owns 276,790 shares of the company's stock valued at $21,260,000 after acquiring an additional 10,720 shares in the last quarter. Groupama Asset Managment acquired a new position in Coca-Cola Europacific Partners during the 4th quarter worth approximately $239,000. Headlands Technologies LLC raised its stake in shares of Coca-Cola Europacific Partners by 109.4% during the 4th quarter. Headlands Technologies LLC now owns 29,473 shares of the company's stock worth $2,264,000 after buying an additional 15,399 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 2,130,501 shares of the company's stock valued at $162,748,000 after buying an additional 82,325 shares during the period. Finally, National Bank of Canada FI lifted its holdings in shares of Coca-Cola Europacific Partners by 469.8% in the 4th quarter. National Bank of Canada FI now owns 80,960 shares of the company's stock valued at $6,220,000 after buying an additional 66,752 shares during the period. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

CCEP stock traded up $1.41 on Wednesday, reaching $89.73. The company had a trading volume of 853,338 shares, compared to its average volume of 1,687,393. The company's fifty day moving average is $84.92 and its 200 day moving average is $79.85. The company has a market cap of $41.36 billion, a P/E ratio of 18.46, a PEG ratio of 4.89 and a beta of 0.73. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. Coca-Cola Europacific Partners PLC has a 1 year low of $65.94 and a 1 year high of $91.29.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on CCEP. Evercore ISI increased their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. Finally, Barclays upped their target price on shares of 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $87.13.

About Coca-Cola Europacific Partners

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.