Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Purchased by Lake Street Advisors Group LLC

Lake Street Advisors Group LLC boosted its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 10.8% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,058 shares of the company’s stock after buying an additional 495 shares during the quarter. Lake Street Advisors Group LLC’s holdings in Coca-Cola Europacific Partners were worth $388,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Blue Trust Inc. boosted its stake in shares of Coca-Cola Europacific Partners by 21.5% during the 3rd quarter. Blue Trust Inc. now owns 1,023 shares of the company’s stock worth $75,000 after acquiring an additional 181 shares in the last quarter. Private Advisor Group LLC raised its holdings in Coca-Cola Europacific Partners by 14.8% in the 3rd quarter. Private Advisor Group LLC now owns 4,230 shares of the company’s stock worth $333,000 after purchasing an additional 545 shares during the period. International Assets Investment Management LLC purchased a new position in Coca-Cola Europacific Partners during the third quarter worth approximately $3,840,000. Wealth Enhancement Advisory Services LLC grew its holdings in Coca-Cola Europacific Partners by 0.7% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 47,319 shares of the company’s stock valued at $3,726,000 after purchasing an additional 325 shares during the period. Finally, China Universal Asset Management Co. Ltd. increased its position in shares of Coca-Cola Europacific Partners by 111.0% in the third quarter. China Universal Asset Management Co. Ltd. now owns 5,825 shares of the company’s stock valued at $459,000 after buying an additional 3,064 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on CCEP shares. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. Evercore ISI upped their price target on shares of 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. Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price objective on the stock. Finally, UBS Group boosted their price objective on 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 equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

Coca-Cola Europacific Partners Price Performance

NASDAQ:CCEP opened at $86.12 on Friday. Coca-Cola Europacific Partners PLC has a one year low of $65.94 and a one year high of $88.39. The stock has a market cap of $39.70 billion, a PE ratio of 17.72, a P/E/G ratio of 4.89 and a beta of 0.91. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The stock has a 50 day moving average price of $79.12 and a 200 day moving average price of $78.47.

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.