Exane Asset Management Acquires 15,259 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Exane Asset Management raised its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 8.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 204,120 shares of the company’s stock after buying an additional 15,259 shares during the quarter. Coca-Cola Europacific Partners makes up approximately 8.8% of Exane Asset Management’s holdings, making the stock its 4th largest holding. Exane Asset Management’s holdings in Coca-Cola Europacific Partners were worth $15,852,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently modified their holdings of CCEP. Massachusetts Financial Services Co. MA grew its position in Coca-Cola Europacific Partners by 1.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company’s stock valued at $217,191,000 after acquiring an additional 32,776 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Coca-Cola Europacific Partners by 307.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock valued at $191,984,000 after purchasing an additional 1,839,321 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Coca-Cola Europacific Partners by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock worth $160,138,000 after purchasing an additional 58,247 shares during the period. Janus Henderson Group PLC acquired a new stake in Coca-Cola Europacific Partners during the 3rd quarter worth approximately $52,364,000. Finally, Citigroup Inc. raised its holdings in Coca-Cola Europacific Partners by 9.8% in the third quarter. Citigroup Inc. now owns 630,779 shares of the company’s stock valued at $49,674,000 after buying an additional 56,551 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP opened at $80.03 on Friday. Coca-Cola Europacific Partners PLC has a 52-week low of $65.77 and a 52-week high of $82.32. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. The business’s 50 day moving average is $77.03 and its two-hundred day moving average is $77.31.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. UBS Group increased 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 report on Thursday, December 12th. Barclays lowered their price target on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Sanford C. Bernstein began coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 target price for the company. Evercore ISI increased their target price on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lowered Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $85.00 to $82.00 in a research report on Wednesday, November 27th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola Europacific Partners currently has an average rating of “Moderate Buy” and an average price target of $84.11.

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.