Legacy Financial Advisors Inc. Boosts Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Legacy Financial Advisors Inc. lifted its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 3.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 4,605 shares of the company’s stock after purchasing an additional 168 shares during the quarter. Legacy Financial Advisors Inc.’s holdings in Coca-Cola Europacific Partners were worth $336,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of CCEP. Thrivent Financial for Lutherans raised its position in Coca-Cola Europacific Partners by 1.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 217,892 shares of the company’s stock worth $15,877,000 after buying an additional 2,330 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Coca-Cola Europacific Partners by 14.7% during the second quarter. Sei Investments Co. now owns 406,693 shares of the company’s stock worth $29,635,000 after purchasing an additional 52,127 shares during the last quarter. Pacer Advisors Inc. lifted its position in Coca-Cola Europacific Partners by 1.2% during the second quarter. Pacer Advisors Inc. now owns 23,772 shares of the company’s stock valued at $1,732,000 after purchasing an additional 287 shares during the period. Sienna Gestion boosted its holdings in Coca-Cola Europacific Partners by 16.9% in the second quarter. Sienna Gestion now owns 132,776 shares of the company’s stock valued at $9,671,000 after purchasing an additional 19,222 shares during the last quarter. Finally, Vanguard Personalized Indexing Management LLC grew its position in Coca-Cola Europacific Partners by 34.8% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 15,322 shares of the company’s stock worth $1,115,000 after purchasing an additional 3,959 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $81.09 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. The stock’s fifty day moving average is $77.02 and its two-hundred day moving average is $73.75. The firm has a market capitalization of $37.04 billion, a P/E ratio of 17.07, a price-to-earnings-growth ratio of 3.64 and a beta of 0.90. Coca-Cola Europacific Partners PLC has a fifty-two week low of $56.28 and a fifty-two week high of $82.32.

Wall Street Analyst Weigh In

CCEP has been the subject of several analyst reports. Barclays boosted their price objective on Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, August 9th. 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 report on Monday, September 9th. BNP Paribas cut shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a research note on Tuesday, September 10th. Finally, Bank of America lifted their target price on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and an average price target of $79.78.

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.