Allspring Global Investments Holdings LLC grew its stake in Coca-Cola Europacific Partners PLC (NYSE:CCEP – Free Report) by 75.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 215,878 shares of the company’s stock after acquiring an additional 93,169 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Coca-Cola Europacific Partners were worth $13,909,000 at the end of the most recent quarter.
A number of other hedge funds have also modified their holdings of the company. BlackRock Inc. lifted its stake in Coca-Cola Europacific Partners by 5.0% in the first quarter. BlackRock Inc. now owns 14,447,992 shares of the company’s stock valued at $702,316,000 after buying an additional 685,745 shares in the last quarter. FMR LLC boosted its position in shares of Coca-Cola Europacific Partners by 11.5% during the first quarter. FMR LLC now owns 5,913,929 shares of the company’s stock worth $350,045,000 after buying an additional 610,612 shares during the period. State Street Corp grew its holdings in shares of Coca-Cola Europacific Partners by 0.5% during the first quarter. State Street Corp now owns 4,609,815 shares of the company’s stock worth $272,855,000 after buying an additional 21,053 shares in the last quarter. Wellington Management Group LLP raised its position in Coca-Cola Europacific Partners by 20.0% in the 1st quarter. Wellington Management Group LLP now owns 3,865,724 shares of the company’s stock valued at $187,912,000 after buying an additional 643,635 shares during the last quarter. Finally, Epoch Investment Partners Inc. lifted its stake in Coca-Cola Europacific Partners by 1.3% in the 4th quarter. Epoch Investment Partners Inc. now owns 3,184,085 shares of the company’s stock valued at $176,144,000 after acquiring an additional 41,518 shares in the last quarter. 29.50% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
Several research analysts recently commented on CCEP shares. Credit Suisse Group increased their target price on shares of Coca-Cola Europacific Partners to €68.00 ($71.58) in a report on Tuesday, August 15th. JPMorgan Chase & Co. upped their price objective on Coca-Cola Europacific Partners from $66.50 to $75.50 in a research note on Wednesday, July 5th. Barclays raised their target price on shares of Coca-Cola Europacific Partners from $72.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, August 4th. Finally, StockNews.com started coverage on shares of Coca-Cola Europacific Partners in a research report on Thursday, August 17th. They issued a “buy” rating for the company.
Coca-Cola Europacific Partners Stock Performance
Shares of Coca-Cola Europacific Partners stock opened at $59.69 on Wednesday. Coca-Cola Europacific Partners PLC has a 52-week low of $43.66 and a 52-week high of $66.79. The firm has a 50-day moving average of $63.04 and a 200-day moving average of $63.04. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.85 and a quick ratio of 0.66.
Coca-Cola Europacific Partners Company 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.
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