Oppenheimer & Co. Inc. Grows Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Oppenheimer & Co. Inc. boosted its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 36.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 5,888 shares of the company’s stock after buying an additional 1,571 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Coca-Cola Europacific Partners were worth $452,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CCEP. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in 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 buying an additional 1,839,321 shares during the last quarter. Janus Henderson Group PLC purchased a new stake in shares of Coca-Cola Europacific Partners during the 3rd quarter valued at $52,364,000. SG Americas Securities LLC increased its position in shares of Coca-Cola Europacific Partners by 120.8% during the 4th quarter. SG Americas Securities LLC now owns 433,121 shares of the company’s stock valued at $33,268,000 after purchasing an additional 236,917 shares during the last quarter. Generate Investment Management Ltd purchased a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter valued at $14,195,000. Finally, Verde Servicos Internacionais S.A. purchased a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter valued at $14,124,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CCEP. Sanford C. Bernstein began coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target for the company. UBS Group increased 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. Evercore ISI increased their price target 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. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Finally, Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $86.67.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $82.40 on Friday. The business’s 50-day moving average price is $80.20 and its two-hundred day moving average price is $78.86. Coca-Cola Europacific Partners PLC has a twelve month low of $65.94 and a twelve month high of $88.39. The stock has a market cap of $37.98 billion, a P/E ratio of 16.95, a PEG ratio of 4.89 and a beta of 0.91. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

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.