Howard Capital Management Inc. Purchases Shares of 4,425 Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Howard Capital Management Inc. acquired a new stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the fourth quarter, Holdings Channel reports. The fund acquired 4,425 shares of the company’s stock, valued at approximately $340,000.

A number of other hedge funds also recently bought and sold shares of CCEP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Coca-Cola Europacific Partners by 307.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock valued at $191,984,000 after buying an additional 1,839,321 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Coca-Cola Europacific Partners in the 3rd quarter valued at about $52,364,000. SG Americas Securities LLC increased its holdings in shares of Coca-Cola Europacific Partners by 120.8% in the 4th quarter. SG Americas Securities LLC now owns 433,121 shares of the company’s stock valued at $33,268,000 after purchasing an additional 236,917 shares during the period. Generate Investment Management Ltd acquired a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at about $14,195,000. Finally, Verde Servicos Internacionais S.A. acquired a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at about $14,124,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on CCEP shares. JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $85.00 to $82.00 in a report on Wednesday, November 27th. Barclays dropped their price objective on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Evercore ISI increased their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Finally, Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target on the stock. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $85.00.

Coca-Cola Europacific Partners Price Performance

CCEP opened at $87.20 on Tuesday. Coca-Cola Europacific Partners PLC has a 1-year low of $65.94 and a 1-year high of $88.39. 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 has a 50 day moving average of $78.48 and a 200-day moving average of $78.27.

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.