Advisory Services Network LLC Buys Shares of 3,411 Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Advisory Services Network LLC purchased a new stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 3,411 shares of the company’s stock, valued at approximately $262,000.

Several other large investors have also modified their holdings of the business. SBI Securities Co. Ltd. purchased a new stake in Coca-Cola Europacific Partners in the 4th quarter valued at approximately $27,000. MassMutual Private Wealth & Trust FSB lifted its position 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 valued at $33,000 after acquiring an additional 197 shares in the last quarter. Summit Securities Group LLC acquired a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter valued at $34,000. Whipplewood Advisors LLC purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter worth about $52,000. Finally, Blue Trust Inc. raised 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 valued at $94,000 after purchasing an additional 166 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ:CCEP opened at $89.31 on Friday. The firm has a market capitalization of $41.17 billion, a PE ratio of 18.38, a P/E/G ratio of 4.89 and a beta of 0.73. Coca-Cola Europacific Partners PLC has a 12 month low of $66.57 and a 12 month high of $91.29. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The business has a 50-day moving average of $85.41 and a two-hundred day moving average of $80.06.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CCEP shares. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. Barclays lifted their target price on shares of Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the stock an “overweight” rating in a research note on Friday, April 11th. Finally, Evercore ISI boosted their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $87.13.

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.