Steward Partners Investment Advisory LLC Purchases 738 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Steward Partners Investment Advisory LLC boosted its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 13.2% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 6,322 shares of the company’s stock after purchasing an additional 738 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Coca-Cola Europacific Partners were worth $486,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. purchased a new position in Coca-Cola Europacific Partners in the fourth quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB boosted its stake in 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 during the last quarter. Plato Investment Management Ltd purchased a new position in Coca-Cola Europacific Partners in the third quarter valued at about $50,000. Whipplewood Advisors LLC purchased a new position in Coca-Cola Europacific Partners in the fourth quarter valued at about $52,000. Finally, Brown Brothers Harriman & Co. boosted its stake in Coca-Cola Europacific Partners by 1,604.0% in the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock valued at $67,000 after acquiring an additional 802 shares during the last quarter. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $82.92 on Thursday. Coca-Cola Europacific Partners PLC has a 1 year low of $65.94 and a 1 year high of $88.39. 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 stock has a market capitalization of $38.22 billion, a PE ratio of 17.06, a P/E/G ratio of 4.89 and a beta of 0.91. The company’s 50 day simple moving average is $80.55 and its two-hundred day simple moving average is $78.96.

Wall Street Analyst Weigh In

A number of research firms have weighed in on CCEP. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. UBS Group boosted their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. cut 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 note 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 company an “outperform” rating in a research note on Tuesday, February 18th. Finally, Barclays upped their price target on shares of Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $86.67.

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.