Amundi Purchases 87,675 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Amundi raised its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 2.9% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,078,851 shares of the company’s stock after purchasing an additional 87,675 shares during the period. Amundi owned about 0.67% of Coca-Cola Europacific Partners worth $233,716,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in CCEP. SBI Securities Co. Ltd. bought a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at about $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 valued at $33,000 after purchasing an additional 197 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Coca-Cola Europacific Partners in the 3rd quarter worth approximately $50,000. Whipplewood Advisors LLC bought a new position in shares of Coca-Cola Europacific Partners during the fourth quarter valued at approximately $52,000. Finally, Brown Brothers Harriman & Co. increased its holdings in Coca-Cola Europacific Partners by 1,604.0% during the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock valued at $67,000 after buying an additional 802 shares during the period. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Trading Down 2.4 %

NASDAQ CCEP opened at $82.40 on Monday. Coca-Cola Europacific Partners PLC has a 12-month low of $65.94 and a 12-month high of $88.39. The company has a fifty day simple moving average of $80.20 and a two-hundred day simple moving average of $78.88. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The stock has a market cap of $37.98 billion, a P/E ratio of 16.95, a P/E/G ratio of 4.89 and a beta of 0.91.

Analyst Ratings Changes

CCEP has been the subject of a number of analyst reports. UBS Group upped their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Evercore ISI boosted 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 report on Tuesday, February 18th. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Finally, Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Coca-Cola Europacific Partners currently has a consensus rating of “Moderate Buy” and an average price target of $86.67.

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.