Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Bought by Flputnam Investment Management Co.

Flputnam Investment Management Co. lifted its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 6.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,442 shares of the company’s stock after acquiring an additional 284 shares during the quarter. Flputnam Investment Management Co.’s holdings in Coca-Cola Europacific Partners were worth $341,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of CCEP. MassMutual Private Wealth & Trust FSB lifted its position in Coca-Cola Europacific Partners by 85.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after acquiring an additional 197 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Coca-Cola Europacific Partners during the third quarter valued at approximately $50,000. Whipplewood Advisors LLC acquired a new position in shares of Coca-Cola Europacific Partners during the fourth quarter worth $52,000. Brown Brothers Harriman & Co. boosted its stake in shares of Coca-Cola Europacific Partners by 1,604.0% in the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock valued at $67,000 after purchasing an additional 802 shares during the period. Finally, 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 purchasing an additional 166 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on CCEP. Evercore ISI boosted their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. UBS Group boosted their price target on 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. JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $85.00 to $82.00 in a report on Wednesday, November 27th. Sanford C. Bernstein began coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price objective on the stock. Finally, Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $86.92 on Tuesday. The stock’s 50 day simple moving average is $79.57 and its 200 day simple moving average is $78.68. Coca-Cola Europacific Partners PLC has a 12-month low of $65.94 and a 12-month high of $88.39. The firm has a market cap of $40.07 billion, a P/E ratio of 17.88, a P/E/G ratio of 4.89 and a beta of 0.91. 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.