Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Acquired by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. increased its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 8.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 207,797 shares of the company’s stock after buying an additional 15,709 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Coca-Cola Europacific Partners were worth $15,961,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB grew its stake in Coca-Cola Europacific Partners by 85.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock valued at $33,000 after purchasing an additional 197 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Coca-Cola Europacific Partners during the 4th quarter valued at approximately $52,000. Brown Brothers Harriman & Co. grew its stake in Coca-Cola Europacific Partners by 1,604.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock valued at $67,000 after purchasing an additional 802 shares in the last quarter. Finally, 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 valued at $94,000 after purchasing an additional 166 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on CCEP. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. UBS Group raised their price objective 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. Barclays raised their price objective on Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, March 6th. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Finally, Sanford C. Bernstein initiated coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 target price for the company. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and an average price target of $86.88.

Coca-Cola Europacific Partners Trading Down 0.7 %

Shares of NASDAQ CCEP opened at $84.92 on Friday. The company has a market cap of $39.14 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a 12-month low of $65.94 and a 12-month high of $88.39. 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 stock’s 50 day simple moving average is $81.80 and its 200 day simple moving average is $79.18.

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.