Cannell & Spears LLC Has $17.41 Million Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Cannell & Spears LLC boosted its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 17.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 226,634 shares of the company’s stock after buying an additional 34,185 shares during the period. Cannell & Spears LLC’s holdings in Coca-Cola Europacific Partners were worth $17,408,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. World Investment Advisors LLC acquired a new stake in shares of Coca-Cola Europacific Partners during the 3rd quarter worth approximately $6,975,000. Amundi grew its holdings in Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Amundi now owns 3,078,851 shares of the company’s stock worth $233,716,000 after purchasing an additional 87,675 shares during the period. Transform Wealth LLC increased its stake in Coca-Cola Europacific Partners by 7.7% in the fourth quarter. Transform Wealth LLC now owns 138,691 shares of the company’s stock valued at $10,653,000 after purchasing an additional 9,864 shares in the last quarter. Catalyst Funds Management Pty Ltd acquired a new position in shares of Coca-Cola Europacific Partners during the fourth quarter valued at about $12,075,000. Finally, Geode Capital Management LLC boosted its position in shares of Coca-Cola Europacific Partners by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock worth $160,138,000 after purchasing an additional 58,247 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP opened at $86.30 on Monday. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The firm has a market cap of $39.78 billion, a PE ratio of 17.76, a PEG ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a 1 year low of $65.94 and a 1 year high of $88.39. The stock’s fifty day moving average price is $82.76 and its two-hundred day moving average price is $79.33.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the company. Sanford C. Bernstein initiated coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 target price for the company. UBS Group upped their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Barclays boosted their price target on shares of Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday. Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. Finally, Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $87.00.

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.