Xponance Inc. Invests $219,000 in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Xponance Inc. acquired a new stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 2,850 shares of the company’s stock, valued at approximately $219,000.

Several other hedge funds have also recently added to or reduced their stakes in CCEP. Generali Asset Management SPA SGR acquired a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at approximately $418,000. Signaturefd LLC grew its holdings in Coca-Cola Europacific Partners by 6.2% during the 4th quarter. Signaturefd LLC now owns 6,349 shares of the company’s stock valued at $488,000 after buying an additional 372 shares during the last quarter. Cibc World Markets Corp increased its position in Coca-Cola Europacific Partners by 1.4% during the fourth quarter. Cibc World Markets Corp now owns 10,200 shares of the company’s stock worth $783,000 after buying an additional 139 shares in the last quarter. Corient Private Wealth LLC raised its holdings in shares of Coca-Cola Europacific Partners by 37.8% in the fourth quarter. Corient Private Wealth LLC now owns 4,413 shares of the company’s stock worth $339,000 after acquiring an additional 1,211 shares during the last quarter. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Coca-Cola Europacific Partners by 1.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,936 shares of the company’s stock valued at $840,000 after acquiring an additional 174 shares in the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

CCEP has been the subject of a number of recent research reports. Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price objective for the company. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Barclays boosted their price target on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Evercore ISI lifted their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Coca-Cola Europacific Partners Stock Up 0.0 %

Shares of NASDAQ CCEP opened at $86.30 on Friday. 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 stock has a market capitalization of $39.78 billion, a PE ratio of 17.76, a P/E/G ratio of 4.89 and a beta of 0.91. The firm has a fifty day moving average of $82.76 and a 200-day moving average of $79.33. Coca-Cola Europacific Partners PLC has a 52-week low of $65.94 and a 52-week 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.