Pacer Advisors Inc. Has $1.56 Million Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Pacer Advisors Inc. increased its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 1,120.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 23,332 shares of the company's stock after purchasing an additional 21,420 shares during the period. Pacer Advisors Inc.'s holdings in Coca-Cola Europacific Partners were worth $1,557,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. BlackRock Inc. increased its position in Coca-Cola Europacific Partners by 5.0% during the 1st quarter. BlackRock Inc. now owns 14,447,992 shares of the company's stock valued at $702,316,000 after buying an additional 685,745 shares in the last quarter. FMR LLC lifted its position in Coca-Cola Europacific Partners by 3.7% during the third quarter. FMR LLC now owns 6,359,772 shares of the company's stock valued at $397,359,000 after purchasing an additional 225,744 shares during the period. Ninety One UK Ltd boosted its holdings in Coca-Cola Europacific Partners by 0.3% in the third quarter. Ninety One UK Ltd now owns 5,220,538 shares of the company's stock valued at $326,179,000 after purchasing an additional 16,541 shares during the last quarter. State Street Corp grew its position in Coca-Cola Europacific Partners by 0.5% during the 1st quarter. State Street Corp now owns 4,609,815 shares of the company's stock worth $272,855,000 after purchasing an additional 21,053 shares during the period. Finally, Wellington Management Group LLP raised its stake in shares of Coca-Cola Europacific Partners by 20.0% during the 1st quarter. Wellington Management Group LLP now owns 3,865,724 shares of the company's stock valued at $187,912,000 after buying an additional 643,635 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Down 0.9 %

NASDAQ CCEP traded down $0.66 on Monday, reaching $69.29. 896,012 shares of the company were exchanged, compared to its average volume of 1,577,307. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.72 and a current ratio of 0.91. The business's fifty day moving average price is $69.36 and its 200 day moving average price is $64.77. Coca-Cola Europacific Partners PLC has a fifty-two week low of $56.28 and a fifty-two week high of $72.67.

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) last announced its quarterly earnings data on Friday, February 23rd. The company reported $1.85 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $1.85. Equities analysts expect that Coca-Cola Europacific Partners PLC will post 4.18 earnings per share for the current fiscal year.

Analysts Set New Price Targets

CCEP has been the subject of several recent research reports. Barclays lifted their price target on Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the company an "overweight" rating in a research report on Tuesday, February 27th. BNP Paribas upgraded shares of Coca-Cola Europacific Partners from a "neutral" rating to an "outperform" rating and set a $79.00 price target on the stock in a research report on Friday, January 12th. UBS Group increased their target price on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the stock a "buy" rating in a research note on Monday, February 26th. Deutsche Bank Aktiengesellschaft raised their target price on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a "buy" rating in a research report on Thursday. Finally, The Goldman Sachs Group raised Coca-Cola Europacific Partners from a "neutral" rating to a "buy" rating and upped their price target for the stock from $61.00 to $70.00 in a report on Monday, December 4th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.02.

About Coca-Cola Europacific Partners

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.