abrdn plc Has $22.43 Million Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

abrdn plc lessened its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 9.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 336,025 shares of the company's stock after selling 34,719 shares during the quarter. abrdn plc owned about 0.07% of Coca-Cola Europacific Partners worth $22,426,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. AustralianSuper Pty Ltd purchased a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter worth approximately $1,467,000. Pacer Advisors Inc. boosted its position 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 in the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Coca-Cola Europacific Partners during the 3rd quarter worth $685,000. Korea Investment CORP boosted its position in shares of Coca-Cola Europacific Partners by 4.1% during 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 in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter worth $5,876,000. Hedge funds and other institutional investors own 31.35% of the company's stock.

Wall Street Analyst Weigh In

CCEP has been the topic of several research analyst reports. UBS Group boosted 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. Deutsche Bank Aktiengesellschaft upped their target price on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a "buy" rating in a report on Thursday, March 28th. Argus upped their price objective on shares of 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. BNP Paribas raised shares of 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. Finally, Barclays increased their price objective on shares of 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. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.02.

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock traded up $0.53 on Wednesday, hitting $69.66. 1,114,418 shares of the company's stock traded hands, compared to its average volume of 1,522,441. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.72 and a current ratio of 0.91. The firm's 50-day moving average is $69.39 and its 200 day moving average is $65.49. Coca-Cola Europacific Partners PLC has a 52-week low of $56.28 and a 52-week high of $72.67.

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) last announced its quarterly earnings data on Friday, February 23rd. The company reported $1.85 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.85. As a group, equities analysts predict 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.