SBI Securities Co. Ltd. Makes New Investment in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

SBI Securities Co. Ltd. purchased a new position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 350 shares of the company’s stock, valued at approximately $27,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB raised its holdings in shares of Coca-Cola Europacific Partners by 85.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after buying an additional 197 shares during the last quarter. Plato Investment Management Ltd purchased a new position in shares of Coca-Cola Europacific Partners in the third quarter worth $50,000. Whipplewood Advisors LLC acquired a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth $52,000. Brown Brothers Harriman & Co. increased its stake in shares of 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 worth $67,000 after acquiring an additional 802 shares during the period. Finally, Blue Trust Inc. increased its stake in shares of Coca-Cola Europacific Partners by 16.2% in the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock worth $94,000 after acquiring an additional 166 shares during the period. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Barclays increased their price objective on shares of Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, March 6th. Evercore ISI increased their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Sanford C. Bernstein assumed coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price objective on the stock. Finally, UBS Group increased their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Coca-Cola Europacific Partners currently has a consensus rating of “Moderate Buy” and an average price target of $86.67.

Coca-Cola Europacific Partners Stock Down 0.5 %

Shares of NASDAQ CCEP opened at $82.92 on Thursday. The company’s 50-day simple moving average is $80.55 and its 200-day simple moving average is $78.96. Coca-Cola Europacific Partners PLC has a 52-week low of $65.94 and a 52-week high of $88.39. The firm has a market cap of $38.22 billion, a price-to-earnings ratio of 17.06, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

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.