J.P. Morgan Private Wealth Advisors LLC Acquires New Position in Coca-Cola Europacific Partners PLC (NYSE:CCEP)

J.P. Morgan Private Wealth Advisors LLC purchased a new position in Coca-Cola Europacific Partners PLC (NYSE:CCEPFree Report) in the 3rd quarter, HoldingsChannel.com reports. The fund purchased 15,714 shares of the company’s stock, valued at approximately $982,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. BlackRock Inc. increased its holdings in Coca-Cola Europacific Partners by 5.0% in the 1st quarter. BlackRock Inc. now owns 14,447,992 shares of the company’s stock worth $702,316,000 after acquiring an additional 685,745 shares in the last quarter. Ninety One UK Ltd grew its holdings in shares of Coca-Cola Europacific Partners by 0.3% during the third quarter. Ninety One UK Ltd now owns 5,220,538 shares of the company’s stock worth $326,179,000 after buying an additional 16,541 shares in the last quarter. State Street Corp grew its holdings in shares of Coca-Cola Europacific Partners by 0.5% during the first quarter. State Street Corp now owns 4,609,815 shares of the company’s stock worth $272,855,000 after buying an additional 21,053 shares in the last quarter. Epoch Investment Partners Inc. grew its holdings in shares of Coca-Cola Europacific Partners by 25.4% during the second quarter. Epoch Investment Partners Inc. now owns 3,887,737 shares of the company’s stock worth $250,487,000 after buying an additional 787,687 shares in the last quarter. Finally, Wellington Management Group LLP grew its holdings in shares of Coca-Cola Europacific Partners by 20.0% during the first quarter. Wellington Management Group LLP now owns 3,865,724 shares of the company’s stock worth $187,912,000 after buying an additional 643,635 shares in the last quarter. Hedge funds and other institutional investors own 29.50% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

NYSE CCEP opened at $67.18 on Tuesday. The firm’s 50-day moving average is $66.35 and its two-hundred day moving average is $63.14. Coca-Cola Europacific Partners PLC has a 12 month low of $53.53 and a 12 month high of $70.01. The company has a quick ratio of 0.66, a current ratio of 0.85 and a debt-to-equity ratio of 1.20.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on CCEP. The Goldman Sachs Group raised shares of Coca-Cola Europacific Partners from a “neutral” rating to a “buy” rating and upped their target price for the stock from $61.00 to $70.00 in a report on Monday, December 4th. Barclays upped their target price on shares of Coca-Cola Europacific Partners from $66.00 to $74.00 and gave the stock an “overweight” rating in a report on Tuesday, January 16th. StockNews.com lowered shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a report on Monday, November 13th. JPMorgan Chase & Co. upped their price objective on shares of Coca-Cola Europacific Partners from $72.50 to $77.00 and gave the company an “overweight” rating in a report on Wednesday, November 29th. Finally, BNP Paribas raised shares of Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price objective for the company in a report on Friday, January 12th. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $71.35.

Get Our Latest Analysis on Coca-Cola Europacific Partners

Coca-Cola Europacific Partners Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Coca-Cola Europacific Partners (NYSE:CCEP)

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