5,448 Shares in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Bought by Generali Asset Management SPA SGR

Generali Asset Management SPA SGR acquired a new stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm acquired 5,448 shares of the company’s stock, valued at approximately $418,000.

Other hedge funds have also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of Coca-Cola Europacific Partners during the fourth quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Coca-Cola Europacific Partners by 85.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after buying an additional 197 shares during the last quarter. Whipplewood Advisors LLC bought a new position in shares of Coca-Cola Europacific Partners in the fourth quarter valued at approximately $52,000. Brown Brothers Harriman & Co. increased its position in shares of Coca-Cola Europacific Partners by 1,604.0% during the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock valued at $67,000 after acquiring an additional 802 shares during the last quarter. Finally, Blue Trust Inc. lifted its holdings in Coca-Cola Europacific Partners by 16.2% during the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock worth $94,000 after acquiring an additional 166 shares during the period. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP stock opened at $85.56 on Friday. The business’s fifty day moving average is $81.57 and its 200 day moving average is $79.16. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The stock has a market cap of $39.44 billion, a price-to-earnings ratio of 17.60, a PEG ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a twelve month low of $65.94 and a twelve month high of $88.39.

Wall Street Analyst Weigh In

CCEP has been the subject of several research analyst reports. UBS Group raised 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. Sanford C. Bernstein assumed 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 on the stock. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Evercore ISI lifted 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, February 18th. Finally, Kepler Capital Markets lowered Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of “Moderate Buy” and a consensus price target of $86.88.

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.