Envestnet Portfolio Solutions Inc. Purchases 174 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Envestnet Portfolio Solutions Inc. increased its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.6% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 10,936 shares of the company’s stock after buying an additional 174 shares during the period. Envestnet Portfolio Solutions Inc.’s holdings in Coca-Cola Europacific Partners were worth $840,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. World Investment Advisors LLC bought a new position in Coca-Cola Europacific Partners during the third quarter worth $6,975,000. Amundi raised its stake in Coca-Cola Europacific Partners by 2.9% during the fourth quarter. Amundi now owns 3,078,851 shares of the company’s stock worth $233,716,000 after buying an additional 87,675 shares during the last quarter. Transform Wealth LLC raised its stake in Coca-Cola Europacific Partners by 7.7% during the fourth quarter. Transform Wealth LLC now owns 138,691 shares of the company’s stock worth $10,653,000 after buying an additional 9,864 shares during the last quarter. Geode Capital Management LLC raised its stake in Coca-Cola Europacific Partners by 2.9% during the third quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock worth $160,138,000 after buying an additional 58,247 shares during the last quarter. Finally, Quantbot Technologies LP raised its stake in Coca-Cola Europacific Partners by 617.2% during the third quarter. Quantbot Technologies LP now owns 44,660 shares of the company’s stock worth $3,517,000 after buying an additional 38,433 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on CCEP. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. JPMorgan Chase & Co. downgraded shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and decreased their price target for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. Barclays lifted their price target on shares of Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, March 6th. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price target for the company. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and a consensus price target of $86.88.

Coca-Cola Europacific Partners Trading Down 0.7 %

NASDAQ:CCEP opened at $84.92 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The firm has a 50-day moving average of $81.80 and a 200-day moving average of $79.16. The company has a market cap of $39.14 billion, a PE ratio of 17.47, a PEG ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a one year low of $65.94 and a one year 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.