Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Acquired by Townsquare Capital LLC

Townsquare Capital LLC increased its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 27.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 4,417 shares of the company’s stock after acquiring an additional 949 shares during the period. Townsquare Capital LLC’s holdings in Coca-Cola Europacific Partners were worth $339,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Invesco Ltd. grew its holdings in shares of Coca-Cola Europacific Partners by 26.3% during the 4th quarter. Invesco Ltd. now owns 10,119,928 shares of the company’s stock worth $777,312,000 after purchasing an additional 2,105,019 shares during the period. FMR LLC increased its position in shares of Coca-Cola Europacific Partners by 3.3% during the fourth quarter. FMR LLC now owns 7,234,642 shares of the company’s stock valued at $555,693,000 after acquiring an additional 229,679 shares during the last quarter. Amundi lifted its holdings in shares of 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. boosted its position in shares of 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 purchasing an additional 872,060 shares during the period. Finally, Norges Bank purchased a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $190,999,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

Analyst Ratings Changes

CCEP has been the subject of a number of research reports. Barclays lifted their price objective on Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the company an “overweight” rating in a research note on Friday, April 11th. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Finally, Evercore ISI upped their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. One 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. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $87.13.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock opened at $88.47 on Tuesday. The stock has a market cap of $40.78 billion, a P/E ratio of 18.20, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73. The company has a fifty day simple moving average of $85.55 and a 200-day simple moving average of $80.18. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a 12-month low of $67.80 and a 12-month high of $91.29.

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.