Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Stock Position Raised by Smartleaf Asset Management LLC

Smartleaf Asset Management LLC lifted its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 16.1% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 2,268 shares of the company’s stock after purchasing an additional 314 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Coca-Cola Europacific Partners were worth $173,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of CCEP. Private Advisor Group LLC grew its position 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 during the last quarter. National Pension Service grew its position 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 during the last quarter. Asset Management One Co. Ltd. boosted its stake in 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 purchasing an additional 2,361 shares during the period. Legacy Capital Wealth Partners LLC boosted its stake in 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 purchasing an additional 4,898 shares during the period. Finally, Mitchell Mcleod Pugh & Williams Inc. acquired a new position in Coca-Cola Europacific Partners during the 3rd quarter valued at about $216,000. Institutional investors own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CCEP. Morgan Stanley raised 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 target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. Barclays boosted their target price on shares of Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday. Finally, Sanford C. Bernstein started coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $86.67.

Coca-Cola Europacific Partners Trading Down 0.3 %

Shares of NASDAQ:CCEP opened at $84.45 on Friday. Coca-Cola Europacific Partners PLC has a twelve month low of $65.94 and a twelve month high of $88.39. The firm has a market cap of $38.93 billion, a P/E ratio of 17.38, a P/E/G ratio of 4.89 and a beta of 0.91. The company has a 50 day moving average of $80.08 and a 200-day moving average of $78.83. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

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.