Blue Trust Inc. Buys 181 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Blue Trust Inc. boosted its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 21.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,023 shares of the company’s stock after purchasing an additional 181 shares during the period. Blue Trust Inc.’s holdings in Coca-Cola Europacific Partners were worth $75,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of CCEP. BNP Paribas Financial Markets raised its position in shares of Coca-Cola Europacific Partners by 79.0% in the first quarter. BNP Paribas Financial Markets now owns 477,729 shares of the company’s stock valued at $33,417,000 after purchasing an additional 210,780 shares during the period. Bessemer Group Inc. lifted its position in shares of Coca-Cola Europacific Partners by 436.7% during the first quarter. Bessemer Group Inc. now owns 19,514 shares of the company’s stock worth $1,365,000 after acquiring an additional 15,878 shares in the last quarter. Lombard Odier Asset Management Europe Ltd boosted its holdings in shares of Coca-Cola Europacific Partners by 103.4% in the second quarter. Lombard Odier Asset Management Europe Ltd now owns 92,770 shares of the company’s stock worth $6,760,000 after acquiring an additional 47,165 shares during the period. Dynasty Wealth Management LLC bought a new position in shares of Coca-Cola Europacific Partners in the first quarter worth $579,000. Finally, Cetera Advisors LLC grew its position in shares of Coca-Cola Europacific Partners by 234.1% in the first quarter. Cetera Advisors LLC now owns 10,325 shares of the company’s stock valued at $722,000 after purchasing an additional 7,235 shares in the last quarter. 31.35% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the company. Barclays dropped their price objective on Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Bank of America increased their price target on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft increased their target price on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Finally, BNP Paribas cut shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target on the stock. in a report on Tuesday, September 10th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola Europacific Partners currently has a consensus rating of “Moderate Buy” and a consensus target price of $80.88.

Coca-Cola Europacific Partners Stock Up 0.2 %

CCEP opened at $76.40 on Thursday. The business’s fifty day simple moving average is $78.99 and its 200 day simple moving average is $75.24. Coca-Cola Europacific Partners PLC has a 52 week low of $57.48 and a 52 week high of $82.32. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. The stock has a market cap of $34.90 billion, a PE ratio of 16.29, a P/E/G ratio of 3.54 and a beta of 0.90.

Coca-Cola Europacific Partners Company 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.