4,000 Shares in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Bought by Compound Global Advisors LLC

Compound Global Advisors LLC bought a new stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 4,000 shares of the company’s stock, valued at approximately $307,000.

Other large investors have also recently added to or reduced their stakes in the company. Savant Capital LLC increased its stake in Coca-Cola Europacific Partners by 6.7% during the 4th quarter. Savant Capital LLC now owns 6,816 shares of the company’s stock valued at $524,000 after buying an additional 429 shares during the period. Washburn Capital Management Inc. acquired a new position in shares of Coca-Cola Europacific Partners during the fourth quarter valued at approximately $207,000. Apollon Wealth Management LLC raised its holdings in Coca-Cola Europacific Partners by 8.5% during the fourth quarter. Apollon Wealth Management LLC now owns 2,911 shares of the company’s stock worth $224,000 after purchasing an additional 228 shares in the last quarter. Exane Asset Management lifted its position in Coca-Cola Europacific Partners by 8.1% in the fourth quarter. Exane Asset Management now owns 204,120 shares of the company’s stock worth $15,852,000 after purchasing an additional 15,259 shares during the period. Finally, Generate Investment Management Ltd bought a new position in Coca-Cola Europacific Partners during the 4th quarter valued at $14,195,000. 31.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CCEP has been the topic of a number of research analyst reports. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. JPMorgan Chase & Co. downgraded shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $85.00 to $82.00 in a report on Wednesday, November 27th. Evercore ISI raised their target price on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Barclays dropped their price target on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Finally, Sanford C. Bernstein began coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price objective for the company. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and a consensus price target of $84.11.

Coca-Cola Europacific Partners Trading Up 0.5 %

NASDAQ:CCEP opened at $80.42 on Tuesday. The stock’s 50-day moving average is $77.08 and its two-hundred day moving average is $77.42. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. The stock has a market cap of $37.07 billion, a PE ratio of 16.68, a price-to-earnings-growth ratio of 3.79 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a fifty-two week low of $65.77 and a fifty-two week high of $82.32.

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.