Marshall Wace LLP Purchases 290,352 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Marshall Wace LLP lifted its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 203.0% in the fourth quarter, HoldingsChannel reports. The fund owned 433,377 shares of the company’s stock after buying an additional 290,352 shares during the period. Marshall Wace LLP’s holdings in Coca-Cola Europacific Partners were worth $33,288,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Coca-Cola Europacific Partners during the 4th quarter worth about $27,000. MassMutual Private Wealth & Trust FSB grew its position in shares of Coca-Cola Europacific Partners by 85.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after buying an additional 197 shares during the period. Summit Securities Group LLC bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth approximately $34,000. Whipplewood Advisors LLC acquired a new position in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $52,000. Finally, Blue Trust Inc. boosted its stake in Coca-Cola Europacific Partners by 16.2% in the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock valued at $94,000 after acquiring an additional 166 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on CCEP. Barclays upped their target price on shares of Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, April 11th. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Finally, Evercore ISI boosted their target price on 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 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 assigned a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $87.13.

Coca-Cola Europacific Partners Trading Up 1.6 %

NASDAQ:CCEP opened at $89.31 on Friday. 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 business’s 50-day simple moving average is $85.41 and its 200-day simple moving average is $80.06. Coca-Cola Europacific Partners PLC has a fifty-two week low of $66.57 and a fifty-two week high of $91.29. The stock has a market capitalization of $41.17 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73.

About Coca-Cola Europacific Partners

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.