Raymond James Financial Inc. Purchases New Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Raymond James Financial Inc. acquired a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 195,271 shares of the company's stock, valued at approximately $14,999,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Cibc World Markets Corp grew its holdings in shares of Coca-Cola Europacific Partners by 1.4% during the fourth quarter. Cibc World Markets Corp now owns 10,200 shares of the company's stock worth $783,000 after purchasing an additional 139 shares during the last quarter. TIAA Trust National Association increased its position in Coca-Cola Europacific Partners by 4.4% in the 4th quarter. TIAA Trust National Association now owns 3,420 shares of the company's stock valued at $263,000 after acquiring an additional 145 shares during the period. Moody Lynn & Lieberson LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 5.0% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company's stock worth $242,000 after purchasing an additional 150 shares during the period. Blue Trust Inc. grew its stake in shares of Coca-Cola Europacific Partners by 16.2% in the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock worth $94,000 after purchasing an additional 166 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its holdings in Coca-Cola Europacific Partners by 4.7% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 3,855 shares of the company's stock valued at $296,000 after purchasing an additional 172 shares during the period. Institutional investors and hedge funds own 31.35% of the company's stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on CCEP. Kepler Capital Markets cut Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. Barclays boosted their price target on shares of 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. Finally, Evercore ISI lifted their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $87.13.

Coca-Cola Europacific Partners Stock Down 0.3 %

Shares of CCEP stock traded down $0.27 on Friday, reaching $87.88. 1,546,412 shares of the company were exchanged, compared to its average volume of 1,709,380. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The company has a 50-day moving average of $85.88 and a 200-day moving average of $80.46. The company has a market cap of $40.51 billion, a price-to-earnings ratio of 18.08, a PEG ratio of 4.89 and a beta of 0.73. Coca-Cola Europacific Partners PLC has a one year low of $70.51 and a one year high of $91.29.

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.