Russell Investments Group Ltd. Buys 29,840 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Russell Investments Group Ltd. lifted its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 22.3% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 163,366 shares of the company’s stock after buying an additional 29,840 shares during the quarter. Russell Investments Group Ltd.’s holdings in Coca-Cola Europacific Partners were worth $12,538,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of CCEP. HighTower Advisors LLC lifted its stake in Coca-Cola Europacific Partners by 0.4% in the 3rd quarter. HighTower Advisors LLC now owns 41,187 shares of the company’s stock worth $3,242,000 after purchasing an additional 177 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Coca-Cola Europacific Partners by 4.1% in the third quarter. Wellington Management Group LLP now owns 461,785 shares of the company’s stock worth $36,366,000 after buying an additional 18,133 shares in the last quarter. MML Investors Services LLC boosted its stake in Coca-Cola Europacific Partners by 6.4% during the third quarter. MML Investors Services LLC now owns 6,390 shares of the company’s stock valued at $503,000 after buying an additional 384 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in Coca-Cola Europacific Partners during the 3rd quarter valued at approximately $618,000. Finally, Nomura Asset Management Co. Ltd. increased its stake in Coca-Cola Europacific Partners by 4.3% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 76,449 shares of the company’s stock worth $6,020,000 after acquiring an additional 3,131 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on CCEP. Barclays increased their target price on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday, March 27th. Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. 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 report on Thursday, December 12th. Finally, Evercore ISI increased their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ:CCEP opened at $84.99 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a 12 month low of $65.94 and a 12 month high of $91.29. The company has a market capitalization of $39.18 billion, a price-to-earnings ratio of 17.49, a PEG ratio of 4.89 and a beta of 0.73. The firm’s 50-day moving average is $84.41 and its 200 day moving average is $79.67.

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.