Diversified Trust Co. Increases Holdings in Coca-Cola Europacific Partners $CCEP

Diversified Trust Co. lifted its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 26.3% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 40,410 shares of the company’s stock after purchasing an additional 8,405 shares during the quarter. Diversified Trust Co.’s holdings in Coca-Cola Europacific Partners were worth $3,665,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Choreo LLC increased its stake in shares of Coca-Cola Europacific Partners by 4.5% during the second quarter. Choreo LLC now owns 2,733 shares of the company’s stock valued at $253,000 after buying an additional 118 shares during the period. Park Avenue Securities LLC raised its holdings in shares of Coca-Cola Europacific Partners by 1.9% during the fourth quarter. Park Avenue Securities LLC now owns 6,373 shares of the company’s stock valued at $578,000 after acquiring an additional 119 shares in the last quarter. Concurrent Investment Advisors LLC lifted its stake in Coca-Cola Europacific Partners by 2.9% in the third quarter. Concurrent Investment Advisors LLC now owns 4,323 shares of the company’s stock worth $391,000 after acquiring an additional 123 shares during the period. Legacy Wealth Asset Management LLC lifted its stake in Coca-Cola Europacific Partners by 0.5% in the third quarter. Legacy Wealth Asset Management LLC now owns 25,773 shares of the company’s stock worth $2,330,000 after acquiring an additional 131 shares during the period. Finally, Versant Capital Management Inc boosted its holdings in Coca-Cola Europacific Partners by 8.7% in the third quarter. Versant Capital Management Inc now owns 1,658 shares of the company’s stock valued at $150,000 after acquiring an additional 132 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $92.25 on Wednesday. The business has a 50 day moving average of $97.76 and a 200 day moving average of $92.73. Coca-Cola Europacific Partners has a twelve month low of $81.00 and a twelve month high of $110.90. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23.

Analysts Set New Price Targets

A number of research analysts have issued reports on CCEP shares. UBS Group boosted their price objective on shares of Coca-Cola Europacific Partners from $103.00 to $118.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Barclays lifted their target price on shares of Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. The Goldman Sachs Group boosted their price target on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Tuesday, January 27th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $114.00 price objective on shares of Coca-Cola Europacific Partners in a report on Thursday, January 8th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and an average price target of $107.71.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.