Cannell & Spears LLC Buys 34,185 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Cannell & Spears LLC increased its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 17.8% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 226,634 shares of the company’s stock after acquiring an additional 34,185 shares during the quarter. Cannell & Spears LLC’s holdings in Coca-Cola Europacific Partners were worth $17,408,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter worth $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings in 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 valued at $33,000 after acquiring an additional 197 shares during the period. Summit Securities Group LLC bought a new position in Coca-Cola Europacific Partners during the 4th quarter worth approximately $34,000. Whipplewood Advisors LLC purchased a new position in Coca-Cola Europacific Partners in the 4th quarter worth approximately $52,000. Finally, Blue Trust Inc. lifted its position 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 purchasing an additional 166 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently commented on CCEP shares. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Evercore ISI upped 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 research note on Tuesday, February 18th. Kepler Capital Markets cut Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Barclays upped their price target on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday. Finally, Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock opened at $86.30 on Monday. The business has a fifty day simple moving average of $82.76 and a two-hundred day simple moving average of $79.33. The firm has a market capitalization of $39.78 billion, a P/E ratio of 17.76, a P/E/G ratio of 4.89 and a beta of 0.91. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a 12 month low of $65.94 and a 12 month high of $88.39.

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.