5,801 Shares in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Bought by New Age Alpha Advisors LLC

New Age Alpha Advisors LLC purchased a new stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,801 shares of the company’s stock, valued at approximately $446,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Cerity Partners LLC grew its holdings in shares of Coca-Cola Europacific Partners by 33.7% during the 3rd 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 in the last quarter. PEAK6 Investments LLC bought a new stake in Coca-Cola Europacific Partners in the 3rd quarter valued at $234,000. Rockefeller Capital Management L.P. increased its holdings in Coca-Cola Europacific Partners by 2.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 34,823 shares of the company’s stock valued at $2,738,000 after buying an additional 855 shares during the period. HighTower Advisors LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 0.4% during the 3rd quarter. HighTower Advisors LLC now owns 41,187 shares of the company’s stock worth $3,242,000 after acquiring an additional 177 shares during the period. Finally, Janus Henderson Group PLC acquired a new stake in shares of Coca-Cola Europacific Partners during the 3rd quarter valued at about $52,364,000. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock opened at $87.18 on Wednesday. The business’s 50-day simple moving average is $83.15 and its 200 day simple moving average is $79.41. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The stock has a market cap of $40.19 billion, a price-to-earnings ratio of 17.94, a P/E/G ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a 12-month low of $65.94 and a 12-month high of $88.39.

Analysts Set New Price Targets

Several research firms recently issued reports on CCEP. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Barclays increased their target price on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. UBS Group boosted their price target on 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. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Finally, Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 target price on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $87.00.

About Coca-Cola Europacific Partners

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.