Coca-Cola Europacific Partners (NASDAQ:CCEP) Sees Large Volume Increase – What’s Next?

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) shares saw an uptick in trading volume on Friday . 2,188,644 shares traded hands during trading, an increase of 55% from the previous session’s volume of 1,414,443 shares.The stock last traded at $85.71 and had previously closed at $85.56.

Analyst Ratings Changes

A number of research firms have weighed in on CCEP. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. UBS Group boosted 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 report on Thursday, December 12th. Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price for the company. 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, JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $86.88.

Coca-Cola Europacific Partners Price Performance

The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The stock has a market cap of $39.14 billion, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. The company’s 50-day moving average is $81.80 and its 200-day moving average is $79.18.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. World Investment Advisors LLC acquired a new position in Coca-Cola Europacific Partners in the third quarter worth about $6,975,000. Amundi grew its stake in Coca-Cola Europacific Partners by 2.9% during the fourth quarter. Amundi now owns 3,078,851 shares of the company’s stock worth $233,716,000 after buying an additional 87,675 shares during the last quarter. Transform Wealth LLC grew its stake in Coca-Cola Europacific Partners by 7.7% during the fourth quarter. Transform Wealth LLC now owns 138,691 shares of the company’s stock worth $10,653,000 after buying an additional 9,864 shares during the last quarter. Geode Capital Management LLC grew its stake in Coca-Cola Europacific Partners by 2.9% during the third quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock worth $160,138,000 after buying an additional 58,247 shares during the last quarter. Finally, Quantbot Technologies LP grew its stake in Coca-Cola Europacific Partners by 617.2% during the third quarter. Quantbot Technologies LP now owns 44,660 shares of the company’s stock worth $3,517,000 after buying an additional 38,433 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

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.