Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp grew its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 0.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 643,090 shares of the company’s stock after purchasing an additional 3,719 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.14% of Coca-Cola Europacific Partners worth $49,396,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Coca-Cola Europacific Partners by 16.5% in the 4th quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 71,433 shares of the company’s stock valued at $5,487,000 after purchasing an additional 10,111 shares in the last quarter. Howard Capital Management Inc. acquired a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at $340,000. Fisher Funds Management LTD acquired a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at $5,522,000. Handelsbanken Fonder AB raised its holdings in shares of Coca-Cola Europacific Partners by 4.4% in the 4th quarter. Handelsbanken Fonder AB now owns 134,488 shares of the company’s stock valued at $10,330,000 after purchasing an additional 5,668 shares in the last quarter. Finally, Ieq Capital LLC raised its holdings in shares of Coca-Cola Europacific Partners by 7.4% in the 4th quarter. Ieq Capital LLC now owns 11,534 shares of the company’s stock valued at $886,000 after purchasing an additional 797 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Down 1.3 %

Shares of NASDAQ:CCEP opened at $84.69 on Thursday. The stock has a market cap of $39.04 billion, a P/E ratio of 17.43, a P/E/G ratio of 4.89 and a beta of 0.91. The firm has a fifty day moving average price of $79.92 and a 200 day moving average price of $78.79. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. Coca-Cola Europacific Partners PLC has a 1-year low of $65.94 and a 1-year high of $88.39.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $85.00 to $82.00 in a report on Wednesday, November 27th. Evercore ISI upped their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Sanford C. Bernstein assumed 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 target price for the company. UBS Group upped their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Barclays lowered 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. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola Europacific Partners currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

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.