Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Holdings Boosted by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC grew its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 2.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 8,945 shares of the company’s stock after purchasing an additional 230 shares during the period. Verdence Capital Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $597,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. FMR LLC lifted its position in Coca-Cola Europacific Partners by 3.7% in the 3rd quarter. FMR LLC now owns 6,359,772 shares of the company’s stock worth $397,359,000 after buying an additional 225,744 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in Coca-Cola Europacific Partners by 1.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,525,434 shares of the company’s stock valued at $157,789,000 after purchasing an additional 47,501 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Coca-Cola Europacific Partners by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 2,221,296 shares of the company’s stock valued at $138,787,000 after purchasing an additional 168,420 shares in the last quarter. Northern Trust Corp grew its stake in Coca-Cola Europacific Partners by 24.6% in the third quarter. Northern Trust Corp now owns 1,413,900 shares of the company’s stock valued at $88,340,000 after purchasing an additional 279,218 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its position in Coca-Cola Europacific Partners by 4.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 1,383,485 shares of the company’s stock worth $86,060,000 after purchasing an additional 55,808 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on CCEP. Deutsche Bank Aktiengesellschaft boosted their price target on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a research note on Thursday, March 28th. Argus raised their price target on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. UBS Group raised their price objective on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, February 26th. BNP Paribas raised Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 target price for the company in a research report on Friday, January 12th. Finally, Barclays lifted their price target on shares of Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. One analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of “Moderate Buy” and a consensus price target of $74.02.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $69.10 on Tuesday. Coca-Cola Europacific Partners PLC has a twelve month low of $56.28 and a twelve month high of $72.67. The firm has a 50-day simple moving average of $69.34 and a 200 day simple moving average of $65.41. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last announced its quarterly earnings data on Friday, February 23rd. The company reported $1.85 earnings per share for the quarter, hitting the consensus estimate of $1.85. As a group, research analysts forecast that Coca-Cola Europacific Partners PLC will post 4.18 EPS for the current fiscal year.

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.