Compound Global Advisors LLC Buys New Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Compound Global Advisors LLC purchased a new stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 4,000 shares of the company’s stock, valued at approximately $307,000.

A number of other institutional investors also recently bought and sold shares of CCEP. MassMutual Private Wealth & Trust FSB grew its position in shares of Coca-Cola Europacific Partners by 85.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock valued at $33,000 after buying an additional 197 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Coca-Cola Europacific Partners by 38.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock worth $40,000 after purchasing an additional 139 shares during the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Coca-Cola Europacific Partners during the third quarter worth about $50,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Coca-Cola Europacific Partners by 1,604.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock valued at $67,000 after purchasing an additional 802 shares during the last quarter. Finally, Blue Trust Inc. boosted its position in shares of Coca-Cola Europacific Partners by 21.5% in the 3rd quarter. Blue Trust Inc. now owns 1,023 shares of the company’s stock valued at $75,000 after purchasing an additional 181 shares during the period. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP opened at $80.42 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners PLC has a 52 week low of $65.77 and a 52 week high of $82.32. The company has a market cap of $37.07 billion, a P/E ratio of 16.68, a PEG ratio of 3.79 and a beta of 0.91. The company has a 50-day moving average price of $77.08 and a 200 day moving average price of $77.42.

Wall Street Analyst Weigh In

Several research analysts have commented on CCEP shares. Barclays cut their price target on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Evercore ISI upped their price target on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. UBS Group lifted their price objective 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. Finally, Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price for the company. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $84.11.

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.