Fisher Asset Management LLC Takes Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Fisher Asset Management LLC bought a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 35,569 shares of the company’s stock, valued at approximately $2,732,000.

Other hedge funds have also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position 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. Janus Henderson Group PLC purchased a new position in Coca-Cola Europacific Partners in the third quarter valued at $52,364,000. SG Americas Securities LLC raised its stake in Coca-Cola Europacific Partners by 120.8% in the fourth quarter. SG Americas Securities LLC now owns 433,121 shares of the company’s stock valued at $33,268,000 after buying an additional 236,917 shares in the last quarter. Generate Investment Management Ltd purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter worth about $14,195,000. Finally, Verde Servicos Internacionais S.A. acquired a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth about $14,124,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

CCEP has been the subject of several recent analyst reports. Evercore ISI boosted their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price on the stock. Finally, Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Coca-Cola Europacific Partners Stock Down 1.3 %

Shares of Coca-Cola Europacific Partners stock opened at $84.69 on Thursday. Coca-Cola Europacific Partners PLC has a one year low of $65.94 and a one year high of $88.39. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The firm has a fifty day moving average of $79.92 and a two-hundred day moving average of $78.79. The company has a market cap of $39.04 billion, a P/E ratio of 17.43, a PEG ratio of 4.89 and a beta of 0.91.

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.