Golden State Equity Partners Purchases 1,596 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Golden State Equity Partners lifted its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 44.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,197 shares of the company’s stock after acquiring an additional 1,596 shares during the quarter. Golden State Equity Partners’ holdings in Coca-Cola Europacific Partners were worth $399,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently made changes to their positions in CCEP. MassMutual Private Wealth & Trust FSB raised its holdings in Coca-Cola Europacific Partners by 85.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after purchasing an additional 197 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake 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 acquiring an additional 139 shares during the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Coca-Cola Europacific Partners during the third quarter worth about $50,000. Brown Brothers Harriman & Co. grew its stake in shares of Coca-Cola Europacific Partners by 1,604.0% during the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock worth $67,000 after acquiring an additional 802 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Coca-Cola Europacific Partners by 21.5% during the third quarter. Blue Trust Inc. now owns 1,023 shares of the company’s stock worth $75,000 after acquiring an additional 181 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Trading Down 0.5 %

Coca-Cola Europacific Partners stock opened at $78.16 on Tuesday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners PLC has a 12 month low of $65.77 and a 12 month high of $82.32. The stock’s 50 day simple moving average is $76.95 and its two-hundred day simple moving average is $77.22. The firm has a market cap of $36.03 billion, a PE ratio of 16.18, a P/E/G ratio of 3.71 and a beta of 0.90.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on CCEP shares. UBS Group boosted their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Barclays dropped their target price 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 target price on 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. Sanford C. Bernstein initiated coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 target price on the stock. 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. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, Coca-Cola Europacific Partners currently has a consensus rating of “Moderate Buy” and an average target price of $84.11.

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.