Signaturefd LLC Has $488,000 Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Signaturefd LLC lifted its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 6.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 6,349 shares of the company’s stock after purchasing an additional 372 shares during the period. Signaturefd LLC’s holdings in Coca-Cola Europacific Partners were worth $488,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Amundi lifted its stake in shares of Coca-Cola Europacific Partners by 2.9% in the 4th quarter. Amundi now owns 3,078,851 shares of the company’s stock valued at $233,716,000 after purchasing an additional 87,675 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Coca-Cola Europacific Partners by 1.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company’s stock worth $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 lifted its position in Coca-Cola Europacific Partners by 307.3% during the 3rd 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 acquiring an additional 1,839,321 shares during the last quarter. Geode Capital Management LLC lifted its position in Coca-Cola Europacific Partners by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock worth $160,138,000 after acquiring an additional 58,247 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new position in Coca-Cola Europacific Partners during the 3rd quarter worth $52,364,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $85.56 on Friday. The stock has a market cap of $39.44 billion, a P/E ratio of 17.60, a PEG ratio of 4.89 and a beta of 0.91. The company’s 50-day simple moving average is $81.57 and its 200 day simple moving average is $79.16. Coca-Cola Europacific Partners PLC has a twelve month low of $65.94 and a twelve month high of $88.39. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on CCEP. Evercore ISI boosted their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price for the company. UBS Group boosted their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $86.88.

About Coca-Cola Europacific Partners

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.