Raymond James Financial Services Advisors Inc. Has $323,000 Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Raymond James Financial Services Advisors Inc. decreased its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 10.1% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,839 shares of the company’s stock after selling 543 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Coca-Cola Europacific Partners were worth $323,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Norges Bank acquired a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth $66,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its holdings in Coca-Cola Europacific Partners by 196.6% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,762,591 shares of the company’s stock valued at $97,507,000 after acquiring an additional 1,168,323 shares in the last quarter. Nuveen Asset Management LLC lifted its position in shares of Coca-Cola Europacific Partners by 94.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,839,421 shares of the company’s stock valued at $118,514,000 after acquiring an additional 894,560 shares during the period. BlackRock Inc. grew its holdings in shares of Coca-Cola Europacific Partners by 5.0% during the 1st quarter. BlackRock Inc. now owns 14,447,992 shares of the company’s stock worth $702,316,000 after purchasing an additional 685,745 shares in the last quarter. Finally, Balyasny Asset Management L.P. increased its position in shares of Coca-Cola Europacific Partners by 1,183.0% in the first quarter. Balyasny Asset Management L.P. now owns 706,715 shares of the company’s stock worth $41,830,000 after purchasing an additional 651,632 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Analysts Set New Price Targets

CCEP has been the subject of a number of recent analyst reports. BNP Paribas raised shares of Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price target for the company in a report on Friday, January 12th. UBS Group upped their price target on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, February 26th. StockNews.com raised Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Barclays raised their price objective on shares of Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $74.02.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP opened at $67.58 on Monday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72. Coca-Cola Europacific Partners PLC has a 52-week low of $56.28 and a 52-week high of $72.67. The business’s 50 day moving average price is $69.30 and its two-hundred day moving average price is $65.34.

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