Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Acquired by Amundi

Amundi boosted its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 2.9% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 3,078,851 shares of the company’s stock after buying an additional 87,675 shares during the quarter. Amundi’s holdings in Coca-Cola Europacific Partners were worth $233,716,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Legacy Capital Wealth Partners LLC raised its holdings in shares of Coca-Cola Europacific Partners by 87.7% during the third quarter. Legacy Capital Wealth Partners LLC now owns 10,481 shares of the company’s stock valued at $825,000 after acquiring an additional 4,898 shares during the last quarter. Mitchell Mcleod Pugh & Williams Inc. purchased a new position in Coca-Cola Europacific Partners in the 3rd quarter valued at $216,000. State of New Jersey Common Pension Fund D boosted its stake in Coca-Cola Europacific Partners by 4.1% during the 3rd quarter. State of New Jersey Common Pension Fund D now owns 87,965 shares of the company’s stock worth $6,927,000 after purchasing an additional 3,500 shares during the last quarter. Entropy Technologies LP purchased a new stake in shares of Coca-Cola Europacific Partners during the third quarter worth $4,596,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Coca-Cola Europacific Partners during the third quarter worth $1,942,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ CCEP opened at $82.40 on Monday. 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 company’s 50-day moving average price is $80.20 and its 200 day moving average price is $78.88. Coca-Cola Europacific Partners PLC has a 52 week low of $65.94 and a 52 week high of $88.39. The stock has a market cap of $37.98 billion, a price-to-earnings ratio of 16.95, a PEG ratio of 4.89 and a beta of 0.91.

Wall Street Analysts Forecast Growth

A number of research firms have commented on CCEP. Sanford C. Bernstein started coverage on shares of Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price objective for the company. JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $85.00 to $82.00 in a research report on Wednesday, November 27th. UBS Group upped their target price 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. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Finally, Barclays upped their price objective on shares of Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an “overweight” rating in a report on Thursday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $86.67.

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.