Schwartz Investment Counsel Inc. Boosts Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Schwartz Investment Counsel Inc. lifted its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 15.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 569,500 shares of the company's stock after purchasing an additional 75,000 shares during the period. Coca-Cola Europacific Partners accounts for about 1.5% of Schwartz Investment Counsel Inc.'s investment portfolio, making the stock its 26th biggest position. Schwartz Investment Counsel Inc. owned approximately 0.12% of Coca-Cola Europacific Partners worth $38,008,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Norges Bank purchased a new position in Coca-Cola Europacific Partners in the 4th quarter valued at about $66,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its holdings in Coca-Cola Europacific Partners by 196.6% in the 4th quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,762,591 shares of the company's stock valued at $97,507,000 after purchasing an additional 1,168,323 shares during the last quarter. Nuveen Asset Management LLC increased its holdings in Coca-Cola Europacific Partners by 94.7% in the 2nd quarter. Nuveen Asset Management LLC now owns 1,839,421 shares of the company's stock valued at $118,514,000 after purchasing an additional 894,560 shares during the last quarter. BlackRock Inc. grew its stake in shares of Coca-Cola Europacific Partners by 5.0% in the first quarter. BlackRock Inc. now owns 14,447,992 shares of the company's stock worth $702,316,000 after acquiring an additional 685,745 shares in the last quarter. Finally, Balyasny Asset Management L.P. grew its stake in shares of Coca-Cola Europacific Partners by 1,183.0% in the first quarter. Balyasny Asset Management L.P. now owns 706,715 shares of the company's stock worth $41,830,000 after acquiring an additional 651,632 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. BNP Paribas raised shares of Coca-Cola Europacific Partners from a "neutral" rating to an "outperform" rating and set a $79.00 price objective for the company in a research report on Friday, January 12th. UBS Group boosted their price target 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. Barclays upped their target price on shares of Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 27th. Deutsche Bank Aktiengesellschaft upped their target price on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a "buy" rating in a research report on Thursday, March 28th. Finally, StockNews.com raised shares of Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a report on Monday, February 26th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $74.02.

Coca-Cola Europacific Partners Price Performance

NASDAQ:CCEP traded down $0.34 during trading hours on Tuesday, reaching $68.50. 1,024,311 shares of the company were exchanged, compared to its average volume of 1,551,326. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.72 and a current ratio of 0.91. Coca-Cola Europacific Partners PLC has a 52-week low of $56.28 and a 52-week high of $72.67. The stock has a 50 day simple moving average of $69.48 and a 200 day simple moving average of $65.01.

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) last posted its quarterly earnings results on Friday, February 23rd. The company reported $1.85 earnings per share for the quarter, hitting analysts' consensus estimates of $1.85. As a group, research analysts anticipate that Coca-Cola Europacific Partners PLC will post 4.18 earnings per share for the current year.

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.