Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Purchased by LPL Financial LLC

LPL Financial LLC boosted its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 28.1% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 117,700 shares of the company’s stock after purchasing an additional 25,840 shares during the quarter. LPL Financial LLC’s holdings in Coca-Cola Europacific Partners were worth $9,041,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCEP. SBI Securities Co. Ltd. acquired a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in Coca-Cola Europacific Partners by 85.3% in 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. Whipplewood Advisors LLC purchased a new position in Coca-Cola Europacific Partners in the 4th quarter worth approximately $52,000. Blue Trust Inc. lifted its stake in Coca-Cola Europacific Partners by 16.2% in the 4th quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock worth $94,000 after purchasing an additional 166 shares in the last quarter. Finally, Jones Financial Companies Lllp grew its position in shares of Coca-Cola Europacific Partners by 135.4% in the fourth quarter. Jones Financial Companies Lllp now owns 1,749 shares of the company’s stock valued at $134,000 after purchasing an additional 1,006 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $83.93 on Friday. Coca-Cola Europacific Partners PLC has a 52 week low of $65.94 and a 52 week high of $91.29. The company has a fifty day simple moving average of $83.77 and a two-hundred day simple moving average of $79.55. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The company has a market cap of $38.69 billion, a price-to-earnings ratio of 17.27, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73.

Wall Street Analyst Weigh In

A number of brokerages recently commented on CCEP. Evercore ISI lifted their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. UBS Group boosted their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Barclays boosted their target price on shares of Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, March 27th. Finally, Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $87.00.

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.