SIH Partners LLLP Acquires New Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

SIH Partners LLLP bought a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the 4th quarter, HoldingsChannel.com reports. The fund bought 113,766 shares of the company’s stock, valued at approximately $8,738,000. Coca-Cola Europacific Partners accounts for about 0.4% of SIH Partners LLLP’s portfolio, making the stock its 19th biggest holding.

Several other large investors also recently bought and sold shares of CCEP. Invesco Ltd. lifted its stake in shares of Coca-Cola Europacific Partners by 26.3% during the fourth quarter. Invesco Ltd. now owns 10,119,928 shares of the company’s stock worth $777,312,000 after buying an additional 2,105,019 shares during the period. FMR LLC raised its stake in Coca-Cola Europacific Partners by 3.3% in 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 during the last quarter. Amundi raised its stake in Coca-Cola Europacific Partners by 2.9% in the 4th quarter. Amundi now owns 3,078,851 shares of the company’s stock worth $233,716,000 after acquiring an additional 87,675 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Coca-Cola Europacific Partners by 43.3% during the 4th quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company’s stock worth $221,835,000 after acquiring an additional 872,060 shares during the period. Finally, Norges Bank purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter valued at about $190,999,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Analyst Upgrades and Downgrades

CCEP has been the subject of a number of research reports. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. 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 research note on Tuesday, February 18th. Finally, Barclays upped their price objective on shares of Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, April 11th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and a consensus price target of $87.13.

Coca-Cola Europacific Partners Price Performance

NASDAQ:CCEP opened at $88.47 on Tuesday. The company has a 50 day moving average price of $85.55 and a 200-day moving average price of $80.18. Coca-Cola Europacific Partners PLC has a 1-year low of $67.80 and a 1-year high of $91.29. The firm has a market cap of $40.78 billion, a price-to-earnings ratio of 18.20, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73. 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 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.