Vanguard Group Inc. Has $134.93 Million Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Vanguard Group Inc. decreased its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 9.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,756,604 shares of the company’s stock after selling 184,066 shares during the period. Vanguard Group Inc. owned 0.38% of Coca-Cola Europacific Partners worth $134,925,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB lifted its stake in Coca-Cola Europacific Partners by 85.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock valued at $33,000 after acquiring an additional 197 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in Coca-Cola Europacific Partners in the fourth quarter worth approximately $52,000. Blue Trust Inc. increased its stake in shares of Coca-Cola Europacific Partners by 16.2% during the 4th quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock worth $94,000 after purchasing an additional 166 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its holdings in shares of Coca-Cola Europacific Partners by 135.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,749 shares of the company’s stock valued at $134,000 after purchasing an additional 1,006 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on CCEP. Barclays upped their price objective on shares of Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Evercore ISI boosted their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Finally, UBS Group increased their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Coca-Cola Europacific Partners Trading Down 1.1 %

Shares of CCEP stock opened at $82.99 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a 1 year low of $65.94 and a 1 year high of $91.29. The firm’s fifty day simple moving average is $83.87 and its 200 day simple moving average is $79.55. The firm has a market capitalization of $38.25 billion, a P/E ratio of 17.08, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73.

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.