Wellington Management Group LLP Purchases 18,300 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Wellington Management Group LLP increased its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 480,085 shares of the company’s stock after purchasing an additional 18,300 shares during the period. Wellington Management Group LLP owned approximately 0.10% of Coca-Cola Europacific Partners worth $36,919,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Coca-Cola Europacific Partners during the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Coca-Cola Europacific Partners by 85.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after acquiring an additional 197 shares during the last quarter. Summit Securities Group LLC bought a new position in Coca-Cola Europacific Partners in the 4th quarter valued at about $34,000. Whipplewood Advisors LLC bought a new position in Coca-Cola Europacific Partners in the 4th quarter valued at about $52,000. Finally, Blue Trust Inc. boosted 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 valued at $94,000 after purchasing an additional 166 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Stock Down 6.6 %

Coca-Cola Europacific Partners stock opened at $83.93 on Monday. The firm has a 50 day moving average price of $83.77 and a 200-day moving average price of $79.53. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a twelve month low of $65.94 and a twelve month high of $91.29. The company has a market capitalization of $38.69 billion, a P/E ratio of 17.27, a P/E/G ratio of 4.89 and a beta of 0.73.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Barclays raised their target price on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, March 27th. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Evercore ISI increased their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. UBS Group raised their price target 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. Finally, Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and an average price target of $87.00.

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.