Blue Trust Inc. Acquires 166 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Blue Trust Inc. increased its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 16.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,189 shares of the company’s stock after buying an additional 166 shares during the period. Blue Trust Inc.’s holdings in Coca-Cola Europacific Partners were worth $94,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the business. MassMutual Private Wealth & Trust FSB raised its position in shares of Coca-Cola Europacific Partners by 85.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock valued at $33,000 after acquiring an additional 197 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Coca-Cola Europacific Partners by 38.1% during the third 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. Plato Investment Management Ltd bought a new stake in Coca-Cola Europacific Partners in the third quarter valued at about $50,000. Brown Brothers Harriman & Co. lifted its stake in Coca-Cola Europacific Partners by 1,604.0% in the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock valued at $67,000 after buying an additional 802 shares during the period. Finally, CWM LLC boosted its holdings in Coca-Cola Europacific Partners by 14.5% during the third quarter. CWM LLC now owns 1,318 shares of the company’s stock worth $104,000 after buying an additional 167 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CCEP. JPMorgan Chase & Co. cut Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. Barclays lowered their target price on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. 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. Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price target for the company. Finally, Evercore ISI raised their price objective on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 6th. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and a consensus target price of $84.11.

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $80.03 on Friday. The stock has a 50-day moving average price of $77.03 and a two-hundred day moving average price of $77.31. Coca-Cola Europacific Partners PLC has a 1 year low of $65.77 and a 1 year high of $82.32. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12.

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.