US Bancorp DE Has $4.95 Million Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

US Bancorp DE boosted its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.3% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,501 shares of the company’s stock after purchasing an additional 826 shares during the period. US Bancorp DE’s holdings in Coca-Cola Europacific Partners were worth $4,954,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of CCEP. MassMutual Private Wealth & Trust FSB increased its stake 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 buying an additional 197 shares during the period. Plato Investment Management Ltd acquired a new stake in shares of Coca-Cola Europacific Partners in the 3rd quarter valued at $50,000. Whipplewood Advisors LLC acquired a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at $52,000. Brown Brothers Harriman & Co. increased its stake in shares of Coca-Cola Europacific Partners by 1,604.0% in the 3rd 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. Finally, Blue Trust Inc. increased its stake in shares of Coca-Cola Europacific Partners by 16.2% in the 4th quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock valued at $94,000 after buying an additional 166 shares during the period. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $84.69 on Thursday. The business’s 50-day moving average price is $79.92 and its two-hundred day moving average price is $78.79. 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 firm has a market cap of $39.04 billion, a PE ratio of 17.43, a P/E/G ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a 1-year low of $65.94 and a 1-year high of $88.39.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Kepler Capital Markets cut Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Barclays lowered their target price on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. UBS Group lifted their price objective on 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, Sanford C. Bernstein began coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price objective for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $85.00.

Coca-Cola Europacific Partners Company 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.