Federated Hermes Inc. Purchases 9,364 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Federated Hermes Inc. lifted its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 27.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,070 shares of the company’s stock after acquiring an additional 9,364 shares during the quarter. Federated Hermes Inc.’s holdings in Coca-Cola Europacific Partners were worth $3,385,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in Coca-Cola Europacific Partners in the fourth quarter worth about $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Coca-Cola Europacific Partners by 85.3% in the fourth 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 4th quarter worth approximately $34,000. Whipplewood Advisors LLC purchased a new position in Coca-Cola Europacific Partners during the 4th quarter valued at $52,000. Finally, Blue Trust Inc. boosted its holdings in Coca-Cola Europacific Partners by 16.2% during the 4th 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 period. 31.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on CCEP shares. Barclays lifted their target price on Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the stock an “overweight” rating in a research report on Friday. Evercore ISI lifted their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and an average target price of $87.13.

Coca-Cola Europacific Partners Trading Up 1.9 %

NASDAQ CCEP opened at $86.60 on Friday. Coca-Cola Europacific Partners PLC has a one year low of $65.94 and a one year high of $91.29. 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 capitalization of $39.92 billion, a price-to-earnings ratio of 17.82, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73. The company’s 50-day simple moving average is $84.58 and its two-hundred day simple moving average is $79.73.

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.