SVB Wealth LLC Purchases New Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

SVB Wealth LLC purchased a new stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 2,912 shares of the company’s stock, valued at approximately $224,000.

A number of other institutional investors also recently modified their holdings of CCEP. Private Advisor Group LLC lifted its stake in shares of Coca-Cola Europacific Partners by 14.8% during the 3rd quarter. Private Advisor Group LLC now owns 4,230 shares of the company’s stock valued at $333,000 after buying an additional 545 shares in the last quarter. National Pension Service lifted its stake in shares of Coca-Cola Europacific Partners by 7.9% during the 3rd quarter. National Pension Service now owns 449,656 shares of the company’s stock valued at $35,410,000 after buying an additional 33,082 shares in the last quarter. Asset Management One Co. Ltd. lifted its stake in shares of Coca-Cola Europacific Partners by 3.3% during the 3rd quarter. Asset Management One Co. Ltd. now owns 74,088 shares of the company’s stock valued at $5,834,000 after buying an additional 2,361 shares in the last quarter. Legacy Capital Wealth Partners LLC lifted its stake in shares of Coca-Cola Europacific Partners by 87.7% during the 3rd quarter. Legacy Capital Wealth Partners LLC now owns 10,481 shares of the company’s stock valued at $825,000 after buying an additional 4,898 shares in the last quarter. Finally, Mitchell Mcleod Pugh & Williams Inc. purchased a new stake in shares of Coca-Cola Europacific Partners during the 3rd quarter valued at approximately $216,000. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock opened at $84.69 on Thursday. The firm’s fifty day moving average price is $79.92 and its 200-day moving average price is $78.79. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The stock has a market cap of $39.04 billion, a P/E ratio of 17.43, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a fifty-two week low of $65.94 and a fifty-two week high of $88.39.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. Evercore ISI increased 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 research note on Tuesday, February 18th. UBS Group increased 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 research note on Thursday, December 12th. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, Barclays lowered their target price on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and an average price target of $85.00.

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.