NEOS Investment Management LLC Buys 4,855 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

NEOS Investment Management LLC increased its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 19.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,314 shares of the company’s stock after acquiring an additional 4,855 shares during the quarter. NEOS Investment Management LLC’s holdings in Coca-Cola Europacific Partners were worth $2,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of CCEP. Amundi grew its holdings in shares of 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 last quarter. JPMorgan Chase & Co. boosted its position in Coca-Cola Europacific Partners by 43.3% during the 4th quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company’s stock valued at $221,835,000 after buying an additional 872,060 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew 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 worth $191,984,000 after acquiring an additional 1,839,321 shares during the last quarter. Geode Capital Management LLC increased its position in shares of Coca-Cola Europacific Partners by 2.9% in the third quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock valued at $160,138,000 after acquiring an additional 58,247 shares during the period. Finally, Janus Henderson Group PLC bought a new position in shares of Coca-Cola Europacific Partners during the third quarter valued at about $52,364,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on CCEP shares. Evercore ISI boosted their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Kepler Capital Markets cut Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. UBS Group raised their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Finally, Sanford C. Bernstein initiated coverage on shares of 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. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Coca-Cola Europacific Partners Stock Up 0.0 %

NASDAQ:CCEP opened at $86.30 on Friday. 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’s 50-day moving average price is $82.76 and its 200-day moving average price is $79.33. The company 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. Coca-Cola Europacific Partners PLC has a 1-year low of $65.94 and a 1-year 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.