Barclays PLC Purchases 1,268,401 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Barclays PLC increased its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 236.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,804,855 shares of the company's stock after acquiring an additional 1,268,401 shares during the quarter. Barclays PLC owned about 0.39% of Coca-Cola Europacific Partners worth $138,631,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of CCEP. SBI Securities Co. Ltd. bought a new stake in Coca-Cola Europacific Partners during the fourth quarter worth about $27,000. MassMutual Private Wealth & Trust FSB lifted its position in 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. Summit Securities Group LLC purchased a new stake in Coca-Cola Europacific Partners in the fourth quarter worth approximately $34,000. Whipplewood Advisors LLC bought a new position in Coca-Cola Europacific Partners during the fourth quarter valued at approximately $52,000. Finally, Blue Trust Inc. raised its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Down 0.4 %

CCEP stock traded down $0.32 on Monday, reaching $88.99. The company's stock had a trading volume of 205,736 shares, compared to its average volume of 1,694,682. The firm has a market cap of $41.02 billion, a PE ratio of 18.32, a PEG ratio of 4.89 and a beta of 0.73. The business has a fifty day simple moving average of $85.41 and a two-hundred day simple moving average of $80.10. Coca-Cola Europacific Partners PLC has a 12-month low of $67.80 and a 12-month high of $91.29. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81.

Analysts Set New Price Targets

CCEP has been the topic of several recent research reports. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Barclays raised their price objective on Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the company an "overweight" rating in a research note on Friday, April 11th. Finally, Evercore ISI increased their target price on 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 investment analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $87.13.

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.