Federated Hermes Inc. lifted its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP – Free Report) by 21.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 447,994 shares of the company’s stock after acquiring an additional 78,801 shares during the period. Federated Hermes Inc. owned 0.10% of Coca-Cola Europacific Partners worth $29,899,000 at the end of the most recent quarter.
A number of other institutional investors have also recently made changes to their positions in CCEP. Norges Bank bought a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at about $66,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in Coca-Cola Europacific Partners by 196.6% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,762,591 shares of the company’s stock worth $97,507,000 after purchasing an additional 1,168,323 shares during the period. Nuveen Asset Management LLC raised its position in Coca-Cola Europacific Partners by 94.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,839,421 shares of the company’s stock worth $118,514,000 after purchasing an additional 894,560 shares during the period. BlackRock Inc. raised its position in Coca-Cola Europacific Partners by 5.0% in the 1st quarter. BlackRock Inc. now owns 14,447,992 shares of the company’s stock worth $702,316,000 after purchasing an additional 685,745 shares during the period. Finally, Balyasny Asset Management L.P. raised its position in Coca-Cola Europacific Partners by 1,183.0% in the 1st quarter. Balyasny Asset Management L.P. now owns 706,715 shares of the company’s stock worth $41,830,000 after purchasing an additional 651,632 shares during the period. Institutional investors own 31.35% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities analysts have recently commented on the stock. StockNews.com raised shares of Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Barclays raised their target price on shares of Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. UBS Group raised their target price on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. BNP Paribas raised shares of Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price objective on the stock in a report on Friday, January 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a report on Thursday, March 28th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $74.02.
View Our Latest Stock Report on Coca-Cola Europacific Partners
Coca-Cola Europacific Partners Price Performance
CCEP traded up $0.98 during trading on Friday, hitting $67.58. The stock had a trading volume of 1,472,177 shares, compared to its average volume of 1,215,798. Coca-Cola Europacific Partners PLC has a twelve month low of $56.28 and a twelve month high of $72.67. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72. The stock has a 50 day simple moving average of $69.30 and a two-hundred day simple moving average of $65.31.
Coca-Cola Europacific Partners (NASDAQ:CCEP – Get Free Report) last announced its earnings results on Friday, February 23rd. The company reported $1.85 earnings per share for the quarter, meeting the consensus estimate of $1.85. As a group, research analysts forecast that Coca-Cola Europacific Partners PLC will post 4.18 EPS for the current fiscal year.
About Coca-Cola Europacific Partners
(Free Report)
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.
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