AGF Management Ltd. Buys 250 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

AGF Management Ltd. boosted its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 6.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,234 shares of the company’s stock after purchasing an additional 250 shares during the period. AGF Management Ltd.’s holdings in Coca-Cola Europacific Partners were worth $325,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Moody Lynn & Lieberson LLC lifted its stake in shares of Coca-Cola Europacific Partners by 5.0% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company’s stock valued at $242,000 after buying an additional 150 shares in the last quarter. Blue Trust Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 16.2% during the 4th quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock valued at $94,000 after buying an additional 166 shares in the last quarter. Vestmark Advisory Solutions Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 4.7% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 3,855 shares of the company’s stock valued at $296,000 after buying an additional 172 shares in the last quarter. HighTower Advisors LLC lifted its stake 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 valued at $3,242,000 after buying an additional 177 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its stake in shares of Coca-Cola Europacific Partners by 0.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 47,496 shares of the company’s stock valued at $3,740,000 after buying an additional 177 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented on CCEP shares. 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. Evercore ISI boosted their price target 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. JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. Sanford C. Bernstein started coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price target on the stock. Finally, Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.67.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock opened at $83.40 on Friday. The company has a market cap of $38.44 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a twelve month low of $65.94 and a twelve month high of $88.39. The company’s 50-day moving average price is $80.81 and its 200-day moving average price is $79.00. 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.