SVB Wealth LLC Takes $224,000 Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

SVB Wealth LLC acquired a new stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,912 shares of the company’s stock, valued at approximately $224,000.

Other institutional investors have also recently made changes to their positions in the company. Private Advisor Group LLC raised its holdings in shares of Coca-Cola Europacific Partners by 14.8% in the 3rd quarter. Private Advisor Group LLC now owns 4,230 shares of the company’s stock worth $333,000 after acquiring an additional 545 shares during the last quarter. National Pension Service raised its holdings in shares of Coca-Cola Europacific Partners by 7.9% in the 3rd quarter. National Pension Service now owns 449,656 shares of the company’s stock worth $35,410,000 after acquiring an additional 33,082 shares during the last quarter. Asset Management One Co. Ltd. raised its holdings in shares of Coca-Cola Europacific Partners by 3.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 74,088 shares of the company’s stock worth $5,834,000 after acquiring an additional 2,361 shares during the last quarter. Legacy Capital Wealth Partners LLC raised its holdings in shares of Coca-Cola Europacific Partners by 87.7% in the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 10,481 shares of the company’s stock worth $825,000 after acquiring an additional 4,898 shares during the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. acquired a new stake in shares of Coca-Cola Europacific Partners in the 3rd quarter worth about $216,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on CCEP shares. UBS Group upped their target price 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. Evercore ISI upped their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. 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 for the company. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Finally, 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. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and an average target price of $85.00.

Coca-Cola Europacific Partners Stock Down 1.3 %

Coca-Cola Europacific Partners stock opened at $84.69 on Thursday. Coca-Cola Europacific Partners PLC has a twelve month low of $65.94 and a twelve month high of $88.39. The firm has a 50 day moving average price of $79.92 and a 200-day moving average price of $78.79. The company has a market capitalization of $39.04 billion, a P/E ratio of 17.43, a P/E/G ratio of 4.89 and a beta of 0.91. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

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.