Summit Securities Group LLC Makes New $34,000 Investment in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Summit Securities Group LLC bought a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 447 shares of the company’s stock, valued at approximately $34,000.

Several other large investors have also recently bought and sold shares of CCEP. World Investment Advisors LLC acquired a new position in shares of Coca-Cola Europacific Partners in the 3rd quarter valued at $6,975,000. Amundi grew its stake in Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Amundi now owns 3,078,851 shares of the company’s stock valued at $233,716,000 after acquiring an additional 87,675 shares during the period. Transform Wealth LLC grew its stake in Coca-Cola Europacific Partners by 7.7% in the fourth quarter. Transform Wealth LLC now owns 138,691 shares of the company’s stock valued at $10,653,000 after acquiring an additional 9,864 shares during the period. Catalyst Funds Management Pty Ltd bought a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $12,075,000. Finally, Geode Capital Management LLC raised its position in shares of Coca-Cola Europacific Partners by 2.9% during the third quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock worth $160,138,000 after purchasing an additional 58,247 shares during the period. Institutional investors own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CCEP. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Evercore ISI increased their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. UBS Group increased their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Barclays lifted their price target on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $87.00.

Coca-Cola Europacific Partners Trading Up 0.0 %

Coca-Cola Europacific Partners stock opened at $86.30 on Monday. The company has a market cap of $39.78 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 4.89 and a beta of 0.91. The firm has a 50-day moving average of $82.76 and a 200-day moving average of $79.33. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. Coca-Cola Europacific Partners PLC has a one year low of $65.94 and a one year high of $88.39.

Coca-Cola Europacific Partners 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.