Barclays PLC Boosts Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Barclays PLC increased its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 236.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 1,804,855 shares of the company’s stock after buying an additional 1,268,401 shares during the quarter. Barclays PLC’s holdings in Coca-Cola Europacific Partners were worth $138,631,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. LPL Financial LLC increased its stake in Coca-Cola Europacific Partners by 28.1% during the 4th quarter. LPL Financial LLC now owns 117,700 shares of the company’s stock worth $9,041,000 after buying an additional 25,840 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Coca-Cola Europacific Partners by 43.3% in the 4th quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company’s stock valued at $221,835,000 after acquiring an additional 872,060 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in Coca-Cola Europacific Partners in the 4th quarter worth approximately $446,000. World Investment Advisors LLC acquired a new position in shares of Coca-Cola Europacific Partners during the 3rd quarter worth approximately $6,975,000. Finally, Amundi grew its position in shares of Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Amundi now owns 3,078,851 shares of the company’s stock valued at $233,716,000 after purchasing an additional 87,675 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Up 0.4 %

NASDAQ CCEP opened at $88.32 on Wednesday. Coca-Cola Europacific Partners PLC has a 12 month low of $65.94 and a 12 month high of $91.29. The stock has a market capitalization of $40.71 billion, a P/E ratio of 18.17, a PEG ratio of 4.89 and a beta of 0.73. The firm’s 50-day moving average is $84.92 and its two-hundred day moving average is $79.85. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Barclays lifted their price objective 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 cut shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report 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 research report on Tuesday, February 18th. One 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 assigned a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola Europacific Partners currently has a consensus rating of “Moderate Buy” and an average target price of $87.13.

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.