Trust Investment Advisors Buys Shares of 2,465 Coca-Cola Europacific Partners $CCEP

Trust Investment Advisors bought a new stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,465 shares of the company’s stock, valued at approximately $229,000.

Several other large investors also recently added to or reduced their stakes in the stock. Howard Capital Management Inc. grew its holdings in Coca-Cola Europacific Partners by 14.0% in the 2nd quarter. Howard Capital Management Inc. now owns 4,376 shares of the company’s stock valued at $406,000 after buying an additional 538 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund grew its holdings in Coca-Cola Europacific Partners by 27.3% in the 2nd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 48,008 shares of the company’s stock valued at $4,451,000 after buying an additional 10,300 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its holdings in Coca-Cola Europacific Partners by 10.0% in the 2nd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,142,715 shares of the company’s stock valued at $198,673,000 after buying an additional 194,691 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Coca-Cola Europacific Partners in the 2nd quarter valued at $74,000. Finally, Asset Management One Co. Ltd. grew its holdings in Coca-Cola Europacific Partners by 10.7% in the 2nd quarter. Asset Management One Co. Ltd. now owns 86,333 shares of the company’s stock valued at $8,005,000 after buying an additional 8,375 shares in the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Performance

CCEP opened at $91.53 on Tuesday. The stock’s 50-day moving average price is $89.45 and its 200 day moving average price is $91.27. Coca-Cola Europacific Partners has a 12-month low of $73.40 and a 12-month 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.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on CCEP. UBS Group upped their target price on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Barclays lowered their price target on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Morgan Stanley cut Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 7th. Wall Street Zen cut Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of “Hold” and a consensus price target of $92.40.

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.