Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Stock Holdings Increased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. raised its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 8.2% during the 4th quarter, Holdings Channel reports. The fund owned 207,797 shares of the company’s stock after purchasing an additional 15,709 shares during the period. Royal London Asset Management Ltd.’s holdings in Coca-Cola Europacific Partners were worth $15,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently added to or reduced their stakes in the business. Cibc World Markets Corp raised its stake in 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 acquiring an additional 139 shares in the last quarter. Moody Lynn & Lieberson LLC raised its stake in Coca-Cola Europacific Partners by 5.0% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company’s stock valued at $242,000 after acquiring an additional 150 shares in the last quarter. Blue Trust Inc. raised its stake 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 acquiring an additional 166 shares in the last quarter. Vestmark Advisory Solutions Inc. raised its stake in Coca-Cola Europacific Partners by 4.7% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 3,855 shares of the company’s stock valued at $296,000 after acquiring an additional 172 shares in the last quarter. Finally, Envestnet Portfolio Solutions Inc. raised its stake in Coca-Cola Europacific Partners by 1.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,936 shares of the company’s stock valued at $840,000 after acquiring an additional 174 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

CCEP has been the topic of several research analyst reports. UBS Group lifted their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Sanford C. Bernstein initiated coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target on the stock. Evercore ISI lifted their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. cut Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. Finally, Kepler Capital Markets cut Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $86.88.

Coca-Cola Europacific Partners Stock Down 0.7 %

Shares of Coca-Cola Europacific Partners stock opened at $84.92 on Friday. The stock’s fifty day moving average is $81.80 and its 200-day moving average is $79.18. The firm has a market capitalization of $39.14 billion, a PE ratio of 17.47, a price-to-earnings-growth 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 PLC has a 12-month low of $65.94 and a 12-month high of $88.39.

Coca-Cola Europacific Partners 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.