Coca-Cola Europacific Partners (NASDAQ:CCEP) Shares Purchased by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 14.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 130,171 shares of the company’s stock after buying an additional 16,446 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Coca-Cola Europacific Partners were worth $11,329,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. lifted its stake in shares of Coca-Cola Europacific Partners by 26.3% in the 4th quarter. Invesco Ltd. now owns 10,119,928 shares of the company’s stock valued at $777,312,000 after purchasing an additional 2,105,019 shares in the last quarter. FMR LLC lifted its stake in shares of Coca-Cola Europacific Partners by 3.3% in the 4th quarter. FMR LLC now owns 7,234,642 shares of the company’s stock valued at $555,693,000 after purchasing an additional 229,679 shares in the last quarter. JPMorgan Chase & Co. lifted its stake in shares of Coca-Cola Europacific Partners by 43.3% in the 4th quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company’s stock valued at $221,835,000 after purchasing an additional 872,060 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Coca-Cola Europacific Partners by 1.6% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,476,806 shares of the company’s stock valued at $190,243,000 after purchasing an additional 38,911 shares in the last quarter. Finally, Geode Capital Management LLC lifted its stake in shares of Coca-Cola Europacific Partners by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 2,130,501 shares of the company’s stock valued at $162,748,000 after purchasing an additional 82,325 shares in the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on CCEP shares. Wall Street Zen lowered Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. UBS Group lifted their price objective on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Finally, Barclays reiterated an “overweight” rating and set a $104.00 target price (up from $101.00) on shares of Coca-Cola Europacific Partners in a report on Tuesday, July 15th. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and a consensus price target of $90.57.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ:CCEP opened at $99.25 on Wednesday. The company has a market cap of $45.75 billion, a P/E ratio of 20.42, a PEG ratio of 4.97 and a beta of 0.77. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.62 and a current ratio of 0.81. Coca-Cola Europacific Partners has a one year low of $71.49 and a one year high of $100.67. The business’s 50-day simple moving average is $93.75 and its 200 day simple moving average is $87.69.

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.