RWA Wealth Partners LLC Has $4.69 Million Holdings in Coca-Cola Europacific Partners $CCEP

RWA Wealth Partners LLC lifted its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 0.3% during the 1st quarter, Holdings Channel reports. The firm owned 53,905 shares of the company’s stock after purchasing an additional 149 shares during the period. RWA Wealth Partners LLC’s holdings in Coca-Cola Europacific Partners were worth $4,691,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CCEP. Assetmark Inc. lifted its position in Coca-Cola Europacific Partners by 107.3% during the first quarter. Assetmark Inc. now owns 284 shares of the company’s stock worth $25,000 after purchasing an additional 147 shares during the period. NBC Securities Inc. acquired a new position in shares of Coca-Cola Europacific Partners in the 1st quarter valued at approximately $28,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Coca-Cola Europacific Partners by 204.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company’s stock worth $32,000 after acquiring an additional 245 shares during the period. Optiver Holding B.V. acquired a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter worth approximately $29,000. Finally, HM Payson & Co. bought a new position in Coca-Cola Europacific Partners in the first quarter valued at approximately $33,000. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CCEP. Wall Street Zen cut Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Morgan Stanley downgraded Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Friday, August 8th. UBS Group boosted their target price on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Finally, Barclays reduced their price target on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating on the stock in a research note on Friday, August 8th. One analyst has rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $90.43.

Coca-Cola Europacific Partners Stock Down 1.0%

Shares of NASDAQ CCEP opened at $89.78 on Tuesday. Coca-Cola Europacific Partners has a 1 year low of $73.40 and a 1 year high of $100.67. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. The firm has a market cap of $41.38 billion, a PE ratio of 18.47, a price-to-earnings-growth ratio of 2.63 and a beta of 0.75. The company has a 50 day simple moving average of $94.78 and a 200 day simple moving average of $89.45.

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.