Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Bought by TIAA Trust National Association

TIAA Trust National Association increased its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 4.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,420 shares of the company’s stock after acquiring an additional 145 shares during the quarter. TIAA Trust National Association’s holdings in Coca-Cola Europacific Partners were worth $263,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the stock. Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price objective for the company. Barclays increased their price target on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Finally, UBS Group lifted 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 investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Coca-Cola Europacific Partners Stock Up 0.0 %

Shares of Coca-Cola Europacific Partners stock opened at $86.30 on Friday. Coca-Cola Europacific Partners PLC has a 1-year low of $65.94 and a 1-year high of $88.39. The company has a market capitalization of $39.78 billion, a PE ratio of 17.76, a P/E/G ratio of 4.89 and a beta of 0.91. 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 business has a 50-day moving average of $82.76 and a 200-day moving average of $79.33.

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.