Headlands Technologies LLC Purchases 15,399 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Headlands Technologies LLC grew its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 109.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,473 shares of the company’s stock after acquiring an additional 15,399 shares during the quarter. Headlands Technologies LLC’s holdings in Coca-Cola Europacific Partners were worth $2,264,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of CCEP. Cibc World Markets Corp boosted its holdings in Coca-Cola Europacific Partners by 1.4% in the 4th quarter. Cibc World Markets Corp now owns 10,200 shares of the company’s stock valued at $783,000 after purchasing an additional 139 shares during the period. TIAA Trust National Association boosted its stake in shares of Coca-Cola Europacific Partners by 4.4% in the fourth quarter. TIAA Trust National Association now owns 3,420 shares of the company’s stock valued at $263,000 after buying an additional 145 shares during the period. Moody Lynn & Lieberson LLC grew its position in Coca-Cola Europacific Partners by 5.0% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company’s stock worth $242,000 after buying an additional 150 shares in the last quarter. Blue Trust Inc. increased its stake 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 worth $94,000 after acquiring an additional 166 shares during the period. Finally, Vestmark Advisory Solutions Inc. raised its holdings in Coca-Cola Europacific Partners by 4.7% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 3,855 shares of the company’s stock valued at $296,000 after acquiring an additional 172 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays raised their price target on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, March 27th. UBS Group boosted their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Evercore ISI boosted 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 report on Tuesday, February 18th. Finally, Sanford C. Bernstein initiated 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 for the company. One 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola Europacific Partners currently has a consensus rating of “Moderate Buy” and a consensus target price of $87.00.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock opened at $87.18 on Wednesday. The business has a 50 day moving average of $83.15 and a 200-day moving average of $79.41. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. 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 market capitalization of $40.19 billion, a P/E ratio of 17.94, a P/E/G ratio of 4.89 and a beta of 0.91.

Coca-Cola Europacific Partners 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.