Cerity Partners LLC Acquires 1,302 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

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

A number of other institutional investors also recently modified their holdings of CCEP. Global Retirement Partners LLC boosted its stake in Coca-Cola Europacific Partners by 97.5% in the 3rd quarter. Global Retirement Partners LLC now owns 644 shares of the company’s stock worth $39,000 after purchasing an additional 318 shares during the period. China Universal Asset Management Co. Ltd. bought a new stake in Coca-Cola Europacific Partners during the 4th quarter worth approximately $61,000. NBC Securities Inc. purchased a new stake in Coca-Cola Europacific Partners in the 3rd quarter worth approximately $73,000. ZRC Wealth Management LLC purchased a new stake in Coca-Cola Europacific Partners in the 4th quarter worth approximately $85,000. Finally, Private Trust Co. NA grew its position 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 in the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of Coca-Cola Europacific Partners stock opened at $69.13 on Wednesday. The stock has a market capitalization of $31.58 billion, a price-to-earnings ratio of 15.09, a price-to-earnings-growth ratio of 3.13 and a beta of 0.84. The company has a fifty day moving average of $69.39 and a 200-day moving average of $65.49. Coca-Cola Europacific Partners PLC has a 52-week low of $56.28 and a 52-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.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last announced its quarterly earnings data on Friday, February 23rd. The company reported $1.85 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.85. Equities research analysts expect that Coca-Cola Europacific Partners PLC will post 4.18 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on CCEP. BNP Paribas raised Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price objective for the company in a research note on Friday, January 12th. StockNews.com upgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Barclays lifted their target price on shares of Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, UBS Group lifted their price objective on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, February 26th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $74.02.

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.