Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Acquired by Commonwealth of Pennsylvania Public School Empls Retrmt SYS

Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 0.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 57,768 shares of the company’s stock after acquiring an additional 528 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Coca-Cola Europacific Partners were worth $4,437,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new stake in Coca-Cola Europacific Partners in the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB increased 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 buying an additional 197 shares during the period. Whipplewood Advisors LLC acquired a new stake in Coca-Cola Europacific Partners in the fourth quarter worth $52,000. Brown Brothers Harriman & Co. increased its position in 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 worth $67,000 after buying an additional 802 shares during the period. Finally, Blue Trust Inc. increased 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 buying an additional 166 shares during the period. 31.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on CCEP. Evercore ISI increased their target price 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. JPMorgan Chase & Co. lowered Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $85.00 to $82.00 in a research report on Wednesday, November 27th. UBS Group increased 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. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, Kepler Capital Markets cut Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

Coca-Cola Europacific Partners Trading Down 0.7 %

Shares of CCEP stock opened at $84.92 on Monday. The stock has a 50-day simple moving average of $81.80 and a 200 day simple moving average of $79.16. Coca-Cola Europacific Partners PLC has a fifty-two week low of $65.94 and a fifty-two week high of $88.39. The stock has a market capitalization of $39.14 billion, a P/E ratio of 17.47, a P/E/G ratio of 4.89 and a beta of 0.91. The company has a quick ratio of 0.63, a current ratio of 0.81 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.