Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Bought by TIAA Trust National Association

TIAA Trust National Association grew its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 4.4% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,420 shares of the company’s stock after buying an additional 145 shares during the period. TIAA Trust National Association’s holdings in Coca-Cola Europacific Partners were worth $263,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of CCEP. Amundi boosted its stake in Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Amundi now owns 3,078,851 shares of the company’s stock valued at $233,716,000 after acquiring an additional 87,675 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 307.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock valued at $191,984,000 after purchasing an additional 1,839,321 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Coca-Cola Europacific Partners by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock valued at $160,138,000 after purchasing an additional 58,247 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Coca-Cola Europacific Partners in the 3rd quarter valued at about $52,364,000. Finally, Bank of New York Mellon Corp grew its stake in Coca-Cola Europacific Partners by 0.6% during the 4th quarter. Bank of New York Mellon Corp now owns 643,090 shares of the company’s stock worth $49,396,000 after buying an additional 3,719 shares during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Up 0.0 %

Coca-Cola Europacific Partners stock opened at $86.30 on Friday. The stock’s 50 day moving average price is $82.76 and its 200 day moving average price is $79.33. Coca-Cola Europacific Partners PLC has a 1-year low of $65.94 and a 1-year high of $88.39. The company has a market cap of $39.78 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63.

Wall Street Analyst Weigh In

CCEP has been the subject of several research analyst reports. Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price objective for the company. Evercore ISI raised their price objective on shares of 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. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. UBS Group increased their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Kepler Capital Markets cut Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $87.00.

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.