Silchester International Investors LLP Invests $3.68 Million in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Silchester International Investors LLP bought a new stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 55,116 shares of the company's stock, valued at approximately $3,678,000. Coca-Cola Europacific Partners makes up about 0.5% of Silchester International Investors LLP's portfolio, making the stock its 5th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in CCEP. KB Financial Partners LLC purchased a new position in Coca-Cola Europacific Partners during the 1st quarter valued at about $33,000. Global Retirement Partners LLC grew its holdings in shares of Coca-Cola Europacific Partners by 97.5% during the third quarter. Global Retirement Partners LLC now owns 644 shares of the company's stock worth $39,000 after buying an additional 318 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Coca-Cola Europacific Partners during the second quarter worth about $40,000. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth about $61,000. Finally, NBC Securities Inc. purchased a new stake in shares of Coca-Cola Europacific Partners during the third quarter worth about $73,000. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

CCEP has been the subject of a number of recent research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a "buy" rating in a report on Thursday, March 28th. BNP Paribas raised shares of Coca-Cola Europacific Partners from a "neutral" rating to an "outperform" rating and set a $79.00 target price on the stock in a research report on Friday, January 12th. Argus raised their target price on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a "buy" rating in a research report on Tuesday, March 19th. StockNews.com raised shares of Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a research report on Monday, February 26th. Finally, UBS Group raised 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 report on Monday, February 26th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of "Moderate Buy" and an average price target of $74.02.

Coca-Cola Europacific Partners Trading Down 0.2 %

CCEP stock traded down $0.15 during midday trading on Friday, reaching $67.74. 1,347,971 shares of the company's stock traded hands, compared to its average volume of 1,286,376. The business has a 50-day moving average price of $69.36 and a two-hundred day moving average price of $65.15. Coca-Cola Europacific Partners PLC has a fifty-two week low of $56.28 and a fifty-two week 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 company has a market capitalization of $30.94 billion, a P/E ratio of 14.76, a PEG ratio of 3.14 and a beta of 0.84.

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

Coca-Cola Europacific Partners Company 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.