Bleakley Financial Group LLC Acquires 1,434 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Bleakley Financial Group LLC raised its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 14.8% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 11,104 shares of the company’s stock after buying an additional 1,434 shares during the quarter. Bleakley Financial Group LLC’s holdings in Coca-Cola Europacific Partners were worth $853,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. boosted its position in Coca-Cola Europacific Partners by 9.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 88,230 shares of the company’s stock valued at $6,746,000 after acquiring an additional 7,378 shares in the last quarter. Golden State Equity Partners lifted its stake in shares of Coca-Cola Europacific Partners by 44.3% in the 4th quarter. Golden State Equity Partners now owns 5,197 shares of the company’s stock valued at $399,000 after purchasing an additional 1,596 shares during the period. China Universal Asset Management Co. Ltd. boosted its position in shares of Coca-Cola Europacific Partners by 28.6% during the fourth quarter. China Universal Asset Management Co. Ltd. now owns 7,492 shares of the company’s stock valued at $575,000 after purchasing an additional 1,667 shares in the last quarter. Caprock Group LLC grew its stake in Coca-Cola Europacific Partners by 5.1% in the fourth quarter. Caprock Group LLC now owns 8,703 shares of the company’s stock worth $669,000 after purchasing an additional 426 shares during the period. Finally, Baader Bank Aktiengesellschaft bought a new position in Coca-Cola Europacific Partners in the fourth quarter worth $210,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock opened at $80.03 on Monday. Coca-Cola Europacific Partners PLC has a 1 year low of $65.77 and a 1 year high of $82.32. The firm has a fifty day moving average price of $77.08 and a 200-day moving average price of $77.39. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63.

Analyst Ratings Changes

A number of research analysts recently issued reports on CCEP shares. Evercore ISI lifted their price target on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. UBS Group upped their price target 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. Barclays lowered their price objective 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. Finally, Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 target price on the stock. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $84.11.

Coca-Cola Europacific Partners 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.