Marshall Wace LLP Acquires 290,352 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Marshall Wace LLP boosted its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 203.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 433,377 shares of the company's stock after acquiring an additional 290,352 shares during the quarter. Marshall Wace LLP owned 0.09% of Coca-Cola Europacific Partners worth $33,288,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Bridgewater Associates LP bought a new position in shares of Coca-Cola Europacific Partners during the 4th quarter valued at $1,473,000. Mariner LLC lifted its holdings in Coca-Cola Europacific Partners by 4.1% in the fourth quarter. Mariner LLC now owns 56,993 shares of the company's stock valued at $4,377,000 after acquiring an additional 2,269 shares during the period. Barclays PLC boosted its position in Coca-Cola Europacific Partners by 236.4% in the fourth quarter. Barclays PLC now owns 1,804,855 shares of the company's stock worth $138,631,000 after purchasing an additional 1,268,401 shares during the last quarter. Synovus Financial Corp grew its stake in shares of Coca-Cola Europacific Partners by 2.7% during the 4th quarter. Synovus Financial Corp now owns 12,485 shares of the company's stock valued at $959,000 after purchasing an additional 329 shares during the period. Finally, Summit Investment Advisors Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 6.0% in the 4th quarter. Summit Investment Advisors Inc. now owns 14,647 shares of the company's stock worth $1,125,000 after purchasing an additional 829 shares during the period. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ CCEP traded down $0.41 during midday trading on Thursday, reaching $88.43. 664,113 shares of the stock traded hands, compared to its average volume of 1,705,842. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The stock has a market capitalization of $40.76 billion, a PE ratio of 18.20, a P/E/G ratio of 4.89 and a beta of 0.73. Coca-Cola Europacific Partners PLC has a one year low of $68.45 and a one year high of $91.29. The company's 50 day moving average is $85.79 and its 200 day moving average is $80.31.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Evercore ISI upped 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 report on Tuesday, February 18th. Barclays lifted their price objective on shares of Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Finally, 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. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $87.13.

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.