SIH Partners LLLP Takes Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

SIH Partners LLLP purchased a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 113,766 shares of the company's stock, valued at approximately $8,738,000. Coca-Cola Europacific Partners comprises 0.4% of SIH Partners LLLP's investment portfolio, making the stock its 19th largest holding.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCEP. Norges Bank acquired a new stake in Coca-Cola Europacific Partners during the 4th quarter worth about $190,999,000. Invesco Ltd. raised its stake in shares of Coca-Cola Europacific Partners by 26.3% in the fourth quarter. Invesco Ltd. now owns 10,119,928 shares of the company's stock worth $777,312,000 after purchasing an additional 2,105,019 shares during the last quarter. Barclays PLC lifted its stake in Coca-Cola Europacific Partners by 236.4% during the 4th quarter. Barclays PLC now owns 1,804,855 shares of the company's stock valued at $138,631,000 after acquiring an additional 1,268,401 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Coca-Cola Europacific Partners by 43.3% during the fourth quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company's stock valued at $221,835,000 after purchasing an additional 872,060 shares in the last quarter. Finally, Marshall Wace LLP boosted its stake in shares of Coca-Cola Europacific Partners by 203.0% in the 4th quarter. Marshall Wace LLP now owns 433,377 shares of the company's stock worth $33,288,000 after buying an additional 290,352 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages recently weighed in on CCEP. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Evercore ISI boosted their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Finally, Barclays increased 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 note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $87.13.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP stock traded down $0.27 during trading hours on Friday, hitting $87.88. 1,546,412 shares of the company's stock were exchanged, compared to its average volume of 1,709,380. The company has a market capitalization of $40.51 billion, a PE ratio of 18.08, a PEG ratio of 4.89 and a beta of 0.73. 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 12-month low of $70.51 and a 12-month high of $91.29. The business's 50 day simple moving average is $85.88 and its 200-day simple moving average is $80.46.

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.