Summit Securities Group LLC Purchases Shares of 447 Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

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

Several other hedge funds have also bought and sold shares of CCEP. SBI Securities Co. Ltd. acquired a new position in Coca-Cola Europacific Partners during the fourth quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Coca-Cola Europacific Partners by 85.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after acquiring an additional 197 shares during the last quarter. Whipplewood Advisors LLC bought a new stake in Coca-Cola Europacific Partners in the 4th quarter valued at $52,000. Blue Trust Inc. lifted its holdings in 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 purchasing an additional 166 shares during the last quarter. Finally, Icon Wealth Advisors LLC bought a new position in Coca-Cola Europacific Partners during the third quarter worth $105,000. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CCEP shares. 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. Evercore ISI raised 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. Barclays boosted their price objective on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Finally, Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $87.00.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock opened at $86.30 on Monday. The firm has a market cap of $39.78 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The stock’s fifty day moving average price is $82.76 and its two-hundred day moving average price is $79.33. Coca-Cola Europacific Partners PLC has a one year low of $65.94 and a one year high of $88.39.

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.