International Assets Investment Management LLC Makes New $5.88 Million Investment in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

International Assets Investment Management LLC bought a new position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 88,038 shares of the company's stock, valued at approximately $5,876,000.

A number of other hedge funds have also added to or reduced their stakes in the business. Private Trust Co. NA increased its holdings in Coca-Cola Europacific Partners by 275.2% in the fourth quarter. Private Trust Co. NA now owns 1,827 shares of the company's stock worth $120,000 after purchasing an additional 1,340 shares in the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in Coca-Cola Europacific Partners in the fourth quarter worth approximately $61,000. Ballentine Partners LLC increased its holdings in Coca-Cola Europacific Partners by 40.7% in the fourth quarter. Ballentine Partners LLC now owns 7,215 shares of the company's stock worth $482,000 after purchasing an additional 2,087 shares in the last quarter. Baker Ellis Asset Management LLC bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter valued at approximately $200,000. Finally, Global Retirement Partners LLC increased its holdings in shares of Coca-Cola Europacific Partners by 24.1% during the fourth quarter. Global Retirement Partners LLC now owns 799 shares of the company's stock valued at $54,000 after acquiring an additional 155 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Stock Performance

CCEP stock traded down $0.63 during midday trading on Tuesday, hitting $66.45. The company's stock had a trading volume of 1,253,839 shares, compared to its average volume of 1,534,613. The stock's 50-day moving average price is $69.31 and its 200 day moving average price is $65.21. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 1.27. Coca-Cola Europacific Partners PLC has a 1 year low of $56.28 and a 1 year high of $72.67.

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

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. StockNews.com upgraded Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a report on Monday, February 26th. Barclays boosted their price objective on Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the company an "overweight" rating in a report on Tuesday, February 27th. UBS Group boosted their price objective on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a "buy" rating in a report on Monday, February 26th. Argus lifted their target price on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a "buy" rating in a research report on Tuesday, March 19th. Finally, BNP Paribas raised 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. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $74.02.

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.