Raymond James Financial Inc. Makes New Investment in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Raymond James Financial Inc. acquired a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 195,271 shares of the company’s stock, valued at approximately $14,999,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Cibc World Markets Corp lifted its stake in shares of Coca-Cola Europacific Partners by 1.4% during the fourth quarter. Cibc World Markets Corp now owns 10,200 shares of the company’s stock valued at $783,000 after buying an additional 139 shares during the period. TIAA Trust National Association increased its stake in 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 purchasing an additional 145 shares during the last quarter. Moody Lynn & Lieberson LLC lifted 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 during the period. Blue Trust Inc. boosted its stake in Coca-Cola Europacific Partners by 16.2% in the 4th quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock worth $94,000 after buying an additional 166 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its stake in shares of Coca-Cola Europacific Partners by 4.7% during 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 during the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on CCEP shares. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. Evercore ISI increased their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Finally, Barclays upped their price target on Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of “Moderate Buy” and an average target price of $87.13.

Coca-Cola Europacific Partners Stock Down 0.9 %

Shares of NASDAQ:CCEP opened at $88.47 on Tuesday. Coca-Cola Europacific Partners PLC has a 1-year low of $67.80 and a 1-year high of $91.29. The company’s fifty day moving average is $85.55 and its two-hundred day moving average is $80.18. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The stock has a market capitalization 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.

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.