Corient Private Wealth LLC Acquires 1,211 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Corient Private Wealth LLC raised its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 37.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,413 shares of the company’s stock after buying an additional 1,211 shares during the quarter. Corient Private Wealth LLC’s holdings in Coca-Cola Europacific Partners were worth $339,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of CCEP. Cerity Partners LLC increased its holdings in shares of Coca-Cola Europacific Partners by 33.7% in the third quarter. Cerity Partners LLC now owns 18,822 shares of the company’s stock worth $1,482,000 after purchasing an additional 4,743 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Coca-Cola Europacific Partners by 23.8% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 196,445 shares of the company’s stock worth $15,470,000 after buying an additional 37,706 shares in the last quarter. Fiduciary Trust Co increased its stake in Coca-Cola Europacific Partners by 7.6% in the 3rd quarter. Fiduciary Trust Co now owns 5,345 shares of the company’s stock worth $421,000 after acquiring an additional 377 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Coca-Cola Europacific Partners by 307.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock valued at $191,984,000 after acquiring an additional 1,839,321 shares in the last quarter. Finally, PEAK6 Investments LLC bought a new stake in shares of Coca-Cola Europacific Partners during the 3rd quarter valued at about $234,000. 31.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on CCEP. Sanford C. Bernstein started coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price objective on the stock. UBS Group increased their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. Evercore ISI increased their target price on 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, Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Coca-Cola Europacific Partners Price Performance

CCEP stock opened at $86.30 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The firm has a market cap of $39.78 billion, a P/E ratio of 17.76, a P/E/G ratio of 4.89 and a beta of 0.91. The firm’s fifty day moving average is $82.76 and its 200 day moving average is $79.33. Coca-Cola Europacific Partners PLC has a 52 week low of $65.94 and a 52 week high of $88.39.

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.