Federated Hermes Inc. Acquires 78,801 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Federated Hermes Inc. raised its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 21.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 447,994 shares of the company’s stock after acquiring an additional 78,801 shares during the period. Federated Hermes Inc.’s holdings in Coca-Cola Europacific Partners were worth $29,899,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of CCEP. Daiwa Securities Group Inc. raised its position in Coca-Cola Europacific Partners by 56.1% in the fourth quarter. Daiwa Securities Group Inc. now owns 34,140 shares of the company’s stock worth $2,279,000 after acquiring an additional 12,271 shares during the period. Beverly Hills Private Wealth LLC increased its position in shares of Coca-Cola Europacific Partners by 9.0% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 16,098 shares of the company’s stock worth $1,074,000 after purchasing an additional 1,334 shares during the last quarter. Vontobel Holding Ltd. raised its position in shares of Coca-Cola Europacific Partners by 1.0% during the 4th quarter. Vontobel Holding Ltd. now owns 33,938 shares of the company’s stock valued at $2,267,000 after buying an additional 324 shares in the last quarter. Silchester International Investors LLP bought a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter worth $3,678,000. Finally, Louisiana State Employees Retirement System purchased a new position in Coca-Cola Europacific Partners in the fourth quarter worth $2,423,000. Institutional investors own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on CCEP shares. UBS Group lifted their price target on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. Argus boosted their target price on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. BNP Paribas upgraded shares of Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price objective for the company in a report on Friday, January 12th. Finally, Barclays lifted their price target on Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.02.

Coca-Cola Europacific Partners Stock Up 1.5 %

NASDAQ CCEP opened at $67.58 on Friday. The stock has a 50-day moving average of $69.30 and a 200 day moving average of $65.31. Coca-Cola Europacific Partners PLC has a one year low of $56.28 and a one year high of $72.67. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last issued its quarterly earnings data on Friday, February 23rd. The company reported $1.85 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.85. As a group, analysts forecast that Coca-Cola Europacific Partners PLC will post 4.18 EPS for the current fiscal year.

About Coca-Cola Europacific Partners

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.