Cetera Investment Advisers Purchases 1,425 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Cetera Investment Advisers lifted its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 5.6% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,768 shares of the company’s stock after purchasing an additional 1,425 shares during the period. Cetera Investment Advisers’ holdings in Coca-Cola Europacific Partners were worth $1,951,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. BNP Paribas Financial Markets boosted its holdings in Coca-Cola Europacific Partners by 79.0% in the first quarter. BNP Paribas Financial Markets now owns 477,729 shares of the company’s stock valued at $33,417,000 after acquiring an additional 210,780 shares during the last quarter. Bessemer Group Inc. boosted its holdings in Coca-Cola Europacific Partners by 436.7% in the first quarter. Bessemer Group Inc. now owns 19,514 shares of the company’s stock valued at $1,365,000 after acquiring an additional 15,878 shares during the last quarter. Lombard Odier Asset Management Europe Ltd boosted its holdings in Coca-Cola Europacific Partners by 103.4% in the second quarter. Lombard Odier Asset Management Europe Ltd now owns 92,770 shares of the company’s stock valued at $6,760,000 after acquiring an additional 47,165 shares during the last quarter. American International Group Inc. boosted its holdings in Coca-Cola Europacific Partners by 51.0% in the fourth quarter. American International Group Inc. now owns 90,380 shares of the company’s stock valued at $6,032,000 after acquiring an additional 30,542 shares during the last quarter. Finally, Transform Wealth LLC bought a new stake in Coca-Cola Europacific Partners in the first quarter valued at approximately $7,885,000. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Trading Up 0.4 %

Shares of Coca-Cola Europacific Partners stock opened at $77.96 on Monday. Coca-Cola Europacific Partners PLC has a 1 year low of $56.45 and a 1 year high of $82.32. The firm has a market cap of $35.61 billion, a PE ratio of 16.62, a P/E/G ratio of 3.54 and a beta of 0.90. The stock has a fifty day moving average price of $78.40 and a 200-day moving average price of $74.50. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63.

Wall Street Analysts Forecast Growth

Several analysts recently commented on the company. BNP Paribas cut Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price on the stock. in a report on Tuesday, September 10th. Bank of America boosted their price target on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft boosted their price target on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Barclays dropped their price target on Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Citigroup raised Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $80.88.

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.