Invesco Ltd. Acquires 2,105,019 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Invesco Ltd. boosted its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 26.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,119,928 shares of the company’s stock after buying an additional 2,105,019 shares during the quarter. Invesco Ltd.’s holdings in Coca-Cola Europacific Partners were worth $777,312,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in CCEP. Norges Bank purchased a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter worth $190,999,000. JPMorgan Chase & Co. lifted its position in shares of Coca-Cola Europacific Partners by 43.3% during the fourth quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company’s stock valued at $221,835,000 after buying an additional 872,060 shares during the last quarter. Ilmarinen Mutual Pension Insurance Co bought a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at about $18,242,000. SG Americas Securities LLC grew its position 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 worth $33,268,000 after buying an additional 236,917 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Coca-Cola Europacific Partners by 3.3% during the 4th quarter. FMR LLC now owns 7,234,642 shares of the company’s stock worth $555,693,000 after acquiring an additional 229,679 shares in the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CCEP shares. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Evercore ISI raised their price objective 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. Barclays boosted their target price on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, March 27th. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, UBS Group boosted their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Coca-Cola Europacific Partners Stock Down 1.1 %

Coca-Cola Europacific Partners stock opened at $82.99 on Tuesday. The business’s 50-day simple moving average is $83.87 and its two-hundred day simple moving average is $79.55. 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 company has a market cap of $38.25 billion, a PE ratio of 17.08, a PEG ratio of 4.89 and a beta of 0.73. Coca-Cola Europacific Partners PLC has a fifty-two week low of $65.94 and a fifty-two week high of $91.29.

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.