US Bancorp DE Purchases 826 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

US Bancorp DE grew its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.3% during the fourth quarter, HoldingsChannel.com reports. The firm owned 64,501 shares of the company’s stock after buying an additional 826 shares during the quarter. US Bancorp DE’s holdings in Coca-Cola Europacific Partners were worth $4,954,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CCEP. Massachusetts Financial Services Co. MA increased its position in shares of Coca-Cola Europacific Partners by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company’s stock valued at $217,191,000 after acquiring an additional 32,776 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in shares of Coca-Cola Europacific Partners by 307.3% in 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 valued at $191,984,000 after acquiring an additional 1,839,321 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Coca-Cola Europacific Partners by 2.9% in the third quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock valued at $160,138,000 after acquiring an additional 58,247 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Coca-Cola Europacific Partners in the third quarter valued at about $52,364,000. Finally, Bank of New York Mellon Corp increased its position in shares of Coca-Cola Europacific Partners by 0.6% in the fourth quarter. Bank of New York Mellon Corp now owns 643,090 shares of the company’s stock valued at $49,396,000 after acquiring an additional 3,719 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock opened at $84.69 on Thursday. Coca-Cola Europacific Partners PLC has a 12 month low of $65.94 and a 12 month high of $88.39. The stock’s 50 day moving average is $79.92 and its 200-day moving average is $78.79. 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 has a market capitalization of $39.04 billion, a price-to-earnings ratio of 17.43, a PEG ratio of 4.89 and a beta of 0.91.

Analyst Upgrades and Downgrades

CCEP has been the topic of a number of recent research reports. UBS Group lifted their target price on 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. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $85.00 to $82.00 in a research report on Wednesday, November 27th. Barclays lowered their price target on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Finally, Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

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.