CANADA LIFE ASSURANCE Co Purchases 23,660 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

CANADA LIFE ASSURANCE Co increased its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 9.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 285,414 shares of the company's stock after acquiring an additional 23,660 shares during the quarter. CANADA LIFE ASSURANCE Co owned about 0.06% of Coca-Cola Europacific Partners worth $21,907,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new position in Coca-Cola Europacific Partners in the 4th quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of 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 worth $33,000 after buying an additional 197 shares during the last quarter. Summit Securities Group LLC bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth $34,000. Whipplewood Advisors LLC acquired a new position in shares of Coca-Cola Europacific Partners in the fourth quarter valued at approximately $52,000. Finally, Blue Trust Inc. increased its holdings in Coca-Cola Europacific Partners by 16.2% in the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock valued at $94,000 after purchasing an additional 166 shares during the period. Institutional investors and hedge funds own 31.35% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Evercore ISI upped their target price on 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. Finally, Barclays boosted their price target on shares of 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. One 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, the company has a consensus rating of "Moderate Buy" and a consensus price target of $87.13.

Coca-Cola Europacific Partners Price Performance

Shares of Coca-Cola Europacific Partners stock traded down $0.84 on Friday, hitting $87.31. 659,830 shares of the company traded hands, compared to its average volume of 1,708,826. The company has a market cap of $40.25 billion, a P/E ratio of 17.96, a P/E/G ratio of 4.89 and a beta of 0.73. 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 $70.28 and a 12-month high of $91.29. The firm's 50-day simple moving average is $85.86 and its 200 day simple moving average is $80.39.

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.