Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Purchased by CIBC Asset Management Inc

CIBC Asset Management Inc grew its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 4.4% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,824 shares of the company’s stock after purchasing an additional 4,420 shares during the period. CIBC Asset Management Inc’s holdings in Coca-Cola Europacific Partners were worth $8,128,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Whittier Trust Co. of Nevada Inc. increased its stake in Coca-Cola Europacific Partners by 38.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock worth $40,000 after buying an additional 139 shares during the period. Janney Capital Management LLC raised its stake in shares of Coca-Cola Europacific Partners by 4.4% in the third quarter. Janney Capital Management LLC now owns 3,417 shares of the company’s stock valued at $269,000 after acquiring an additional 145 shares in the last quarter. Moody Lynn & Lieberson LLC boosted its holdings in Coca-Cola Europacific Partners by 5.0% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company’s stock valued at $242,000 after purchasing an additional 150 shares during the period. Blue Trust Inc. grew its stake in Coca-Cola Europacific Partners by 16.2% during the 4th quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock worth $94,000 after purchasing an additional 166 shares in the last quarter. Finally, CWM LLC increased its holdings in Coca-Cola Europacific Partners by 14.5% during the 3rd quarter. CWM LLC now owns 1,318 shares of the company’s stock worth $104,000 after purchasing an additional 167 shares during the period. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock opened at $86.85 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. Coca-Cola Europacific Partners PLC has a fifty-two week low of $65.94 and a fifty-two week high of $87.03. The stock has a 50-day simple moving average of $77.97 and a 200-day simple moving average of $77.94.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on CCEP shares. Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price objective for the company. Evercore ISI boosted their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday. Barclays reduced their price objective on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. JPMorgan Chase & Co. downgraded shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. Finally, UBS Group raised their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price 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.