Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Purchased by Apollon Wealth Management LLC

Apollon Wealth Management LLC raised its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 8.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,911 shares of the company’s stock after purchasing an additional 228 shares during the quarter. Apollon Wealth Management LLC’s holdings in Coca-Cola Europacific Partners were worth $224,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of CCEP. Exane Asset Management increased its holdings in shares of Coca-Cola Europacific Partners by 8.1% during the 4th quarter. Exane Asset Management now owns 204,120 shares of the company’s stock worth $15,852,000 after buying an additional 15,259 shares during the last quarter. Generate Investment Management Ltd acquired a new stake in Coca-Cola Europacific Partners during the fourth quarter worth $14,195,000. Sumitomo Mitsui DS Asset Management Company Ltd lifted its stake in shares of Coca-Cola Europacific Partners by 10.0% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 20,533 shares of the company’s stock valued at $1,577,000 after purchasing an additional 1,864 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 5.5% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 550,630 shares of the company’s stock valued at $42,294,000 after purchasing an additional 28,867 shares during the last quarter. Finally, Bleakley Financial Group LLC increased its position in shares of Coca-Cola Europacific Partners by 14.8% during the 4th quarter. Bleakley Financial Group LLC now owns 11,104 shares of the company’s stock worth $853,000 after purchasing an additional 1,434 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms have commented on CCEP. JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. Sanford C. Bernstein started coverage on shares of Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price objective on the stock. Evercore ISI lifted their target price on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Barclays dropped their target price on shares of 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. Finally, UBS Group lifted their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Four research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and an average price target of $84.11.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ:CCEP opened at $84.90 on Friday. 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 PLC has a fifty-two week low of $65.94 and a fifty-two week high of $85.61. The firm’s 50 day moving average price is $77.54 and its 200 day moving average price is $77.66.

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.