Exane Asset Management Has $15.85 Million Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Exane Asset Management grew its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 8.1% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 204,120 shares of the company’s stock after buying an additional 15,259 shares during the quarter. Coca-Cola Europacific Partners comprises about 8.8% of Exane Asset Management’s investment portfolio, making the stock its 4th largest position. Exane Asset Management’s holdings in Coca-Cola Europacific Partners were worth $15,852,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the company. World Investment Advisors LLC acquired a new stake in Coca-Cola Europacific Partners during the third quarter worth about $6,975,000. Transform Wealth LLC grew its holdings in shares of Coca-Cola Europacific Partners by 7.7% during the fourth quarter. Transform Wealth LLC now owns 138,691 shares of the company’s stock valued at $10,653,000 after purchasing an additional 9,864 shares during the last quarter. Vontobel Holding Ltd. raised its position in shares of Coca-Cola Europacific Partners by 2,575.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company’s stock worth $20,244,000 after purchasing an additional 246,458 shares during the period. Geode Capital Management LLC lifted its holdings 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 worth $160,138,000 after purchasing an additional 58,247 shares during the last quarter. Finally, Quantbot Technologies LP boosted its position in Coca-Cola Europacific Partners by 617.2% during the 3rd quarter. Quantbot Technologies LP now owns 44,660 shares of the company’s stock valued at $3,517,000 after purchasing an additional 38,433 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Analysts Set New Price Targets

CCEP has been the topic of a number of recent research reports. UBS Group raised their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. 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 target price for the company. JPMorgan Chase & Co. cut Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and cut their price target for the company from $85.00 to $82.00 in a report on Wednesday, November 27th. Finally, Barclays decreased their price objective on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $84.11.

Coca-Cola Europacific Partners Stock Down 0.1 %

Shares of NASDAQ CCEP opened at $80.03 on Friday. Coca-Cola Europacific Partners PLC has a 1 year low of $65.77 and a 1 year high of $82.32. The stock has a fifty day moving average price of $77.03 and a two-hundred day moving average price of $77.31. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12.

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.