Fisher Asset Management LLC Makes New Investment in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Fisher Asset Management LLC bought a new stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 35,569 shares of the company’s stock, valued at approximately $2,732,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings 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 purchasing an additional 1,839,321 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in shares of Coca-Cola Europacific Partners in the third quarter valued at about $52,364,000. SG Americas Securities LLC lifted its stake in shares of 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 worth $33,268,000 after buying an additional 236,917 shares in the last quarter. Generate Investment Management Ltd acquired a new position in Coca-Cola Europacific Partners during the fourth quarter worth about $14,195,000. Finally, Verde Servicos Internacionais S.A. purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter valued at about $14,124,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Down 1.3 %

Shares of CCEP stock opened at $84.69 on Thursday. The stock has a market capitalization of $39.04 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a fifty-two week low of $65.94 and a fifty-two week 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 company has a 50 day moving average price of $79.92 and a 200 day moving average price of $78.79.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. UBS Group boosted their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. JPMorgan Chase & Co. cut Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $85.00 to $82.00 in a report on Wednesday, November 27th. Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target on the stock. Finally, Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. One equities research 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. Based on data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and a consensus target price 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.