Private Advisor Group LLC Increases Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Private Advisor Group LLC grew its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 14.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,230 shares of the company’s stock after purchasing an additional 545 shares during the quarter. Private Advisor Group LLC’s holdings in Coca-Cola Europacific Partners were worth $333,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Crewe Advisors LLC acquired a new stake in Coca-Cola Europacific Partners during the 1st quarter worth approximately $36,000. New Covenant Trust Company N.A. purchased a new position in Coca-Cola Europacific Partners in the first quarter valued at $36,000. New Millennium Group LLC acquired a new position in Coca-Cola Europacific Partners during the 2nd quarter worth $37,000. Whittier Trust Co. of Nevada Inc. increased its holdings in Coca-Cola Europacific Partners by 38.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock worth $40,000 after purchasing an additional 139 shares during the period. Finally, Mather Group LLC. raised its position in Coca-Cola Europacific Partners by 142.0% in the 2nd quarter. Mather Group LLC. now owns 668 shares of the company’s stock valued at $47,000 after purchasing an additional 392 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ CCEP opened at $76.48 on Thursday. Coca-Cola Europacific Partners PLC has a 52-week low of $59.31 and a 52-week high of $82.32. The business has a 50-day moving average price of $78.70 and a 200 day moving average price of $75.58. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63.

Analyst Ratings Changes

CCEP has been the subject of a number of analyst reports. BNP Paribas lowered shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price on the stock. in a research note on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Barclays decreased their price objective on shares of Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Bank of America boosted their target price on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Finally, Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. Two equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $81.00.

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.