New Age Alpha Advisors LLC Invests $446,000 in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

New Age Alpha Advisors LLC acquired a new stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the fourth quarter, Holdings Channel reports. The institutional investor acquired 5,801 shares of the company’s stock, valued at approximately $446,000.

Several other hedge funds have also recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. acquired a new stake in Coca-Cola Europacific Partners during the 4th quarter worth $27,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Coca-Cola Europacific Partners by 85.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after purchasing an additional 197 shares during the period. Whipplewood Advisors LLC bought a new position in shares of Coca-Cola Europacific Partners during the 4th quarter valued at about $52,000. Blue Trust Inc. grew its position in shares of Coca-Cola Europacific Partners by 16.2% in 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 period. Finally, Jones Financial Companies Lllp increased its stake in Coca-Cola Europacific Partners by 135.4% during the 4th quarter. Jones Financial Companies Lllp now owns 1,749 shares of the company’s stock worth $134,000 after purchasing an additional 1,006 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Up 0.2 %

Shares of NASDAQ:CCEP opened at $87.18 on Wednesday. The company has a 50-day simple moving average of $83.15 and a 200 day simple moving average of $79.41. The company has a market capitalization of $40.19 billion, a P/E ratio of 17.94, 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 quick ratio of 0.63 and a current ratio of 0.81. Coca-Cola Europacific Partners PLC has a 52-week low of $65.94 and a 52-week high of $88.39.

Analyst Ratings Changes

A number of research analysts have weighed in on CCEP shares. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Sanford C. Bernstein began 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 target price for the company. Barclays boosted their price target on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, March 27th. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Finally, UBS Group lifted their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

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.