AGF Management Ltd. Buys 250 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

AGF Management Ltd. grew its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 6.3% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,234 shares of the company’s stock after buying an additional 250 shares during the quarter. AGF Management Ltd.’s holdings in Coca-Cola Europacific Partners were worth $325,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CCEP. Aigen Investment Management LP bought a new position in shares of Coca-Cola Europacific Partners during the third quarter valued at about $268,000. MQS Management LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the third quarter worth about $225,000. Oppenheimer & Co. Inc. lifted its holdings in Coca-Cola Europacific Partners by 15.5% in the third quarter. Oppenheimer & Co. Inc. now owns 4,317 shares of the company’s stock worth $340,000 after buying an additional 579 shares during the period. Plato Investment Management Ltd purchased a new stake in Coca-Cola Europacific Partners in the third quarter worth about $50,000. Finally, KBC Group NV lifted its holdings in Coca-Cola Europacific Partners by 1.5% in the third quarter. KBC Group NV now owns 36,638 shares of the company’s stock worth $2,885,000 after buying an additional 554 shares during the period. 31.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have commented on CCEP shares. Evercore ISI raised their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and lowered their price objective for the stock from $85.00 to $82.00 in a report on Wednesday, November 27th. 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. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, Sanford C. Bernstein initiated coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and a consensus target price of $86.67.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP opened at $83.40 on Friday. The company has a market capitalization of $38.44 billion, a P/E ratio of 17.16, a price-to-earnings-growth 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. The firm has a 50 day moving average of $80.81 and a 200 day moving average of $79.00. Coca-Cola Europacific Partners PLC has a twelve month low of $65.94 and a twelve month high of $88.39.

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.