13,000 Shares in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Purchased by Quantessence Capital LLC

Quantessence Capital LLC bought a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 13,000 shares of the company's stock, valued at approximately $999,000.

Several other hedge funds have also added to or reduced their stakes in the company. Hsbc Holdings PLC raised its position in shares of Coca-Cola Europacific Partners by 16.8% in the 4th quarter. Hsbc Holdings PLC now owns 145,084 shares of the company's stock valued at $11,107,000 after acquiring an additional 20,875 shares during the period. SIH Partners LLLP bought a new position in shares of Coca-Cola Europacific Partners during the fourth quarter worth $8,738,000. TD Waterhouse Canada Inc. grew its holdings in shares of Coca-Cola Europacific Partners by 61.3% in the 4th quarter. TD Waterhouse Canada Inc. now owns 1,757 shares of the company's stock valued at $135,000 after buying an additional 668 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in shares of Coca-Cola Europacific Partners by 3.2% in the 4th quarter. Kayne Anderson Rudnick Investment Management LLC now owns 41,466 shares of the company's stock valued at $3,185,000 after buying an additional 1,286 shares in the last quarter. Finally, MetLife Investment Management LLC raised its stake in Coca-Cola Europacific Partners by 35.0% during the 4th quarter. MetLife Investment Management LLC now owns 24,300 shares of the company's stock worth $1,866,000 after buying an additional 6,300 shares during the period. Institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Down 0.3 %

NASDAQ CCEP traded down $0.27 during trading hours on Friday, hitting $87.88. 1,546,412 shares of the company traded hands, compared to its average volume of 1,712,000. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The business's 50-day moving average is $85.88 and its 200-day moving average is $80.48. The stock has a market capitalization of $40.51 billion, a price-to-earnings ratio of 18.08, a P/E/G ratio of 4.89 and a beta of 0.73. Coca-Cola Europacific Partners PLC has a twelve month low of $70.82 and a twelve month high of $91.29.

Analyst Ratings Changes

A number of equities research analysts have recently commented on CCEP shares. Barclays raised their price target on Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. Finally, Evercore ISI raised their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $87.13.

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.