Whittier Trust Co. of Nevada Inc. Boosts Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Whittier Trust Co. of Nevada Inc. lifted its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 38.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 504 shares of the company’s stock after buying an additional 139 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Coca-Cola Europacific Partners were worth $40,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Signaturefd LLC grew its position in shares of Coca-Cola Europacific Partners by 2.6% in the 2nd quarter. Signaturefd LLC now owns 5,735 shares of the company’s stock worth $418,000 after buying an additional 147 shares during the last quarter. Waverly Advisors LLC grew its position in shares of Coca-Cola Europacific Partners by 1.0% in the 1st quarter. Waverly Advisors LLC now owns 14,856 shares of the company’s stock worth $1,039,000 after buying an additional 151 shares during the last quarter. CWM LLC grew its position in shares of Coca-Cola Europacific Partners by 14.5% in the 3rd 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. Legacy Financial Advisors Inc. grew its position in shares of Coca-Cola Europacific Partners by 3.8% in the 2nd quarter. Legacy Financial Advisors Inc. now owns 4,605 shares of the company’s stock worth $336,000 after buying an additional 168 shares during the last quarter. Finally, Blue Trust Inc. grew its position in shares of Coca-Cola Europacific Partners by 21.5% in the 3rd quarter. Blue Trust Inc. now owns 1,023 shares of the company’s stock worth $75,000 after buying an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ CCEP opened at $77.90 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners PLC has a 12 month low of $57.48 and a 12 month high of $82.32. The company has a 50 day simple moving average of $78.98 and a two-hundred day simple moving average of $74.92. The stock has a market cap of $35.58 billion, a price-to-earnings ratio of 16.61, a PEG ratio of 3.54 and a beta of 0.90.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on CCEP. BNP Paribas downgraded 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 report on Tuesday, September 10th. Bank of America lifted 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. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Barclays lowered their target price on shares of Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Finally, Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and a consensus target price of $80.88.

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.