36,300 Shares in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Bought by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System purchased a new stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 36,300 shares of the company's stock, valued at approximately $2,423,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CCEP. AustralianSuper Pty Ltd bought a new position in Coca-Cola Europacific Partners during the fourth quarter valued at about $1,467,000. Pacer Advisors Inc. increased its stake in shares of Coca-Cola Europacific Partners by 1,120.3% during the 4th quarter. Pacer Advisors Inc. now owns 23,332 shares of the company's stock worth $1,557,000 after purchasing an additional 21,420 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Coca-Cola Europacific Partners during the 3rd quarter worth approximately $685,000. Korea Investment CORP raised its holdings in shares of Coca-Cola Europacific Partners by 4.1% in the 3rd quarter. Korea Investment CORP now owns 252,644 shares of the company's stock worth $15,843,000 after purchasing an additional 9,893 shares during the period. Finally, International Assets Investment Management LLC bought a new position in Coca-Cola Europacific Partners during the fourth quarter valued at $5,876,000. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Argus boosted their target price on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a "buy" rating in a research note on Tuesday, March 19th. UBS Group lifted 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 upped their price target on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a "buy" rating in a research note on Thursday, March 28th. BNP Paribas upgraded 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 note on Friday, January 12th. Finally, Barclays increased their target price on 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. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of "Moderate Buy" and an average price target of $74.02.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP traded down $0.10 during mid-day trading on Wednesday, reaching $66.35. 1,459,806 shares of the stock traded hands, compared to its average volume of 1,535,835. 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. The firm has a fifty day moving average price of $69.30 and a 200 day moving average price of $65.22.

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, hitting analysts' consensus estimates of $1.85. Equities analysts expect that Coca-Cola Europacific Partners PLC will post 4.18 EPS for the current fiscal 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.