Axiom Investors LLC DE Buys 38,541 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Axiom Investors LLC DE raised its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 52.4% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 112,125 shares of the company’s stock after acquiring an additional 38,541 shares during the period. Axiom Investors LLC DE’s holdings in Coca-Cola Europacific Partners were worth $8,612,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in CCEP. Norges Bank bought a new position in shares of Coca-Cola Europacific Partners in the fourth quarter valued at $190,999,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Coca-Cola Europacific Partners by 307.3% during 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 period. JPMorgan Chase & Co. increased its holdings in shares of Coca-Cola Europacific Partners by 43.3% in the fourth quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company’s stock valued at $221,835,000 after purchasing an additional 872,060 shares during the last quarter. Janus Henderson Group PLC acquired a new stake in Coca-Cola Europacific Partners during the 3rd quarter worth approximately $52,364,000. Finally, SG Americas Securities LLC boosted its position 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 valued at $33,268,000 after acquiring an additional 236,917 shares during the period. Institutional investors own 31.35% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. 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. Evercore ISI raised their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price target on the stock. UBS Group increased their price target 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. Finally, Kepler Capital Markets lowered Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP opened at $86.30 on Monday. The company has a market capitalization of $39.78 billion, a PE ratio of 17.76, a PEG ratio of 4.89 and a beta of 0.91. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. Coca-Cola Europacific Partners PLC has a 1-year low of $65.94 and a 1-year high of $88.39. The business has a fifty day moving average price of $82.76 and a 200-day moving average price of $79.33.

Coca-Cola Europacific Partners Profile

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.