DekaBank Deutsche Girozentrale increased its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 9.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 834,728 shares of the company's stock after acquiring an additional 69,443 shares during the period. DekaBank Deutsche Girozentrale owned approximately 0.18% of Coca-Cola Europacific Partners worth $55,788,000 as of its most recent SEC filing.
Other large investors also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 5.0% in the 1st quarter. BlackRock Inc. now owns 14,447,992 shares of the company's stock worth $702,316,000 after purchasing an additional 685,745 shares during the period. FMR LLC boosted its stake 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 worth $397,359,000 after buying an additional 225,744 shares during the period. Ninety One UK Ltd increased its position in Coca-Cola Europacific Partners by 0.3% during the third quarter. Ninety One UK Ltd now owns 5,220,538 shares of the company's stock valued at $326,179,000 after acquiring an additional 16,541 shares during the last quarter. State Street Corp increased its position in Coca-Cola Europacific Partners by 0.5% during the first quarter. State Street Corp now owns 4,609,815 shares of the company's stock valued at $272,855,000 after acquiring an additional 21,053 shares during the last quarter. Finally, Wellington Management Group LLP raised its stake in shares of Coca-Cola Europacific Partners by 20.0% in the first quarter. Wellington Management Group LLP now owns 3,865,724 shares of the company's stock valued at $187,912,000 after acquiring an additional 643,635 shares during the period. 31.35% of the stock is owned by institutional investors.
Coca-Cola Europacific Partners Stock Performance
Shares of CCEP stock traded up $0.54 during mid-day trading on Friday, hitting $69.29. The stock had a trading volume of 1,434,918 shares, compared to its average volume of 1,313,049. Coca-Cola Europacific Partners PLC has a 12-month low of $56.28 and a 12-month high of $72.67. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72. The firm's 50-day moving average is $69.48 and its two-hundred day moving average is $64.97.
Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) last released its quarterly earnings data on Friday, February 23rd. The company reported $1.85 earnings per share for the quarter, hitting analysts' consensus estimates of $1.85. Equities analysts anticipate that Coca-Cola Europacific Partners PLC will post 4.18 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages recently commented on CCEP. Argus upped their price target on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a "buy" rating in a report on Tuesday, March 19th. UBS Group increased their price target on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the stock a "buy" rating in a report on Monday, February 26th. Deutsche Bank Aktiengesellschaft boosted their price objective on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a "buy" rating in a report on Thursday, March 28th. Barclays upped their price objective 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. Finally, BNP Paribas upgraded Coca-Cola Europacific Partners from a "neutral" rating to an "outperform" rating and set a $79.00 target price for the company in a research report on Friday, January 12th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $74.02.
View Our Latest Stock Analysis on CCEP
Coca-Cola Europacific Partners Profile
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Free Report)
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.
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