88,038 Shares in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC bought a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 88,038 shares of the company’s stock, valued at approximately $5,876,000.

A number of other hedge funds also recently bought and sold shares of CCEP. Norges Bank purchased a new stake in Coca-Cola Europacific Partners during the fourth quarter worth $66,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main lifted its holdings in Coca-Cola Europacific Partners by 196.6% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,762,591 shares of the company’s stock worth $97,507,000 after buying an additional 1,168,323 shares during the period. Nuveen Asset Management LLC lifted its holdings in Coca-Cola Europacific Partners by 94.7% during the second quarter. Nuveen Asset Management LLC now owns 1,839,421 shares of the company’s stock worth $118,514,000 after buying an additional 894,560 shares during the period. BlackRock Inc. lifted its holdings in Coca-Cola Europacific Partners by 5.0% during the first quarter. BlackRock Inc. now owns 14,447,992 shares of the company’s stock worth $702,316,000 after buying an additional 685,745 shares during the period. Finally, Balyasny Asset Management L.P. lifted its holdings in Coca-Cola Europacific Partners by 1,183.0% during the first quarter. Balyasny Asset Management L.P. now owns 706,715 shares of the company’s stock worth $41,830,000 after buying an additional 651,632 shares during the period. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on CCEP. BNP Paribas upgraded Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 target price for the company in a report on Friday, January 12th. Barclays increased their price objective on Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Argus increased their price objective on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. StockNews.com upgraded Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Finally, UBS Group increased their price objective on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a report on Monday, February 26th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $74.02.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock opened at $67.08 on Tuesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.72 and a current ratio of 0.91. The business has a fifty day moving average of $69.33 and a 200 day moving average of $65.18. Coca-Cola Europacific Partners PLC has a 1 year low of $56.28 and a 1 year high of $72.67.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last issued its earnings results on Friday, February 23rd. The company reported $1.85 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.85. Equities research analysts anticipate that Coca-Cola Europacific Partners PLC will post 4.18 earnings per share for the current fiscal year.

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.