Wellington Management Group LLP Acquires 18,300 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Wellington Management Group LLP boosted its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 4.0% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 480,085 shares of the company's stock after acquiring an additional 18,300 shares during the period. Wellington Management Group LLP owned 0.10% of Coca-Cola Europacific Partners worth $36,919,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of CCEP. Cibc World Markets Corp boosted its holdings in shares of Coca-Cola Europacific Partners by 1.4% during the 4th quarter. Cibc World Markets Corp now owns 10,200 shares of the company's stock valued at $783,000 after purchasing an additional 139 shares during the last quarter. TIAA Trust National Association lifted its position in shares of Coca-Cola Europacific Partners by 4.4% in the fourth quarter. TIAA Trust National Association now owns 3,420 shares of the company's stock worth $263,000 after buying an additional 145 shares in the last quarter. Moody Lynn & Lieberson LLC boosted its stake in Coca-Cola Europacific Partners by 5.0% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company's stock valued at $242,000 after buying an additional 150 shares during the last quarter. Blue Trust Inc. grew its holdings in Coca-Cola Europacific Partners by 16.2% during the 4th quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock valued at $94,000 after buying an additional 166 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its stake in Coca-Cola Europacific Partners by 4.7% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 3,855 shares of the company's stock worth $296,000 after acquiring an additional 172 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Barclays increased their target price on Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday. UBS Group lifted their price objective 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. 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. Finally, Evercore ISI increased 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 report on Tuesday, February 18th. One research 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 MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of "Moderate Buy" and an average target price of $87.13.

Coca-Cola Europacific Partners Trading Up 1.9 %

Shares of CCEP stock traded up $1.61 during trading hours on Friday, reaching $86.60. 2,756,288 shares of the stock were exchanged, compared to its average volume of 1,687,449. The firm has a market capitalization of $39.92 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73. Coca-Cola Europacific Partners PLC has a 12-month low of $65.94 and a 12-month high of $91.29. The company's 50-day moving average price is $84.58 and its 200-day moving average price is $79.73. 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 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.