Cerity Partners LLC Grows Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Cerity Partners LLC boosted its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 13.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,926 shares of the company’s stock after purchasing an additional 1,302 shares during the quarter. Cerity Partners LLC’s holdings in Coca-Cola Europacific Partners were worth $729,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Global Retirement Partners LLC raised its position in shares of Coca-Cola Europacific Partners by 97.5% during the third quarter. Global Retirement Partners LLC now owns 644 shares of the company’s stock valued at $39,000 after buying an additional 318 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new stake in Coca-Cola Europacific Partners in the 4th quarter valued at $61,000. NBC Securities Inc. purchased a new stake in Coca-Cola Europacific Partners in the 3rd quarter worth $73,000. ZRC Wealth Management LLC purchased a new stake in Coca-Cola Europacific Partners in the 4th quarter worth $85,000. Finally, Private Trust Co. NA boosted its holdings in shares of Coca-Cola Europacific Partners by 275.2% during the 4th quarter. Private Trust Co. NA now owns 1,827 shares of the company’s stock valued at $120,000 after purchasing an additional 1,340 shares during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Barclays lifted their target price on Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. BNP Paribas raised Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price objective on the stock in a report on Friday, January 12th. StockNews.com raised shares of Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a report on Monday, February 26th. UBS Group upped their price target on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Finally, Argus increased their price objective on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $74.02.

Coca-Cola Europacific Partners Trading Up 0.0 %

Shares of NASDAQ CCEP opened at $69.13 on Wednesday. Coca-Cola Europacific Partners PLC has a fifty-two week low of $56.28 and a fifty-two week high of $72.67. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.72 and a current ratio of 0.91. The company has a market cap of $31.58 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 3.13 and a beta of 0.84. The business’s 50 day moving average price is $69.39 and its 200-day moving average price is $65.49.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last released its earnings results on Friday, February 23rd. The company reported $1.85 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.85. On average, sell-side analysts expect that Coca-Cola Europacific Partners PLC will post 4.18 earnings per share for the current year.

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.