Xponance Inc. Acquires Shares of 2,850 Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Xponance Inc. bought a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,850 shares of the company’s stock, valued at approximately $219,000.

Other institutional investors have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Coca-Cola Europacific Partners by 307.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock worth $191,984,000 after purchasing an additional 1,839,321 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Coca-Cola Europacific Partners during the third quarter worth about $52,364,000. SG Americas Securities LLC grew its holdings in shares of Coca-Cola Europacific Partners by 120.8% during the fourth quarter. SG Americas Securities LLC now owns 433,121 shares of the company’s stock worth $33,268,000 after buying an additional 236,917 shares during the last quarter. Raymond James Financial Inc. acquired a new position in Coca-Cola Europacific Partners in the 4th quarter valued at about $14,999,000. Finally, Generate Investment Management Ltd purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter valued at approximately $14,195,000. 31.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CCEP has been the topic of a number of recent research reports. Barclays boosted their target price on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday. Evercore ISI boosted their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. 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 target price for the company. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, UBS Group raised their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Coca-Cola Europacific Partners Trading Up 0.0 %

Shares of Coca-Cola Europacific Partners stock opened at $86.30 on Friday. The company has a 50-day moving average of $82.76 and a two-hundred day moving average of $79.33. Coca-Cola Europacific Partners PLC has a 12-month low of $65.94 and a 12-month high of $88.39. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The stock has a market cap of $39.78 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91.

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.