Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Purchased by Verdence Capital Advisors LLC

Verdence Capital Advisors LLC grew its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 2.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,945 shares of the company’s stock after acquiring an additional 230 shares during the period. Verdence Capital Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $597,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of CCEP. Global Retirement Partners LLC boosted its stake in Coca-Cola Europacific Partners by 97.5% during the 3rd quarter. Global Retirement Partners LLC now owns 644 shares of the company’s stock valued at $39,000 after purchasing an additional 318 shares during the period. Caprock Group LLC boosted its position in shares of Coca-Cola Europacific Partners by 21.3% during the third quarter. Caprock Group LLC now owns 4,862 shares of the company’s stock worth $304,000 after buying an additional 855 shares during the period. Asset Management One Co. Ltd. grew its holdings in Coca-Cola Europacific Partners by 6.3% in the 3rd quarter. Asset Management One Co. Ltd. now owns 83,938 shares of the company’s stock worth $5,244,000 after buying an additional 4,987 shares in the last quarter. WS Portfolio Advisory LLC increased its position in Coca-Cola Europacific Partners by 82.0% in the 3rd quarter. WS Portfolio Advisory LLC now owns 198,327 shares of the company’s stock valued at $12,391,000 after acquiring an additional 89,383 shares during the period. Finally, Commonwealth Equity Services LLC raised its stake in Coca-Cola Europacific Partners by 14.0% during the 3rd quarter. Commonwealth Equity Services LLC now owns 35,344 shares of the company’s stock valued at $2,208,000 after acquiring an additional 4,328 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Argus lifted their price objective on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. BNP Paribas upgraded shares of Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price target on the stock in a research report on Friday, January 12th. Deutsche Bank Aktiengesellschaft increased their price objective on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Barclays boosted their target price on Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. Finally, StockNews.com raised Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $74.02.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock opened at $69.10 on Tuesday. Coca-Cola Europacific Partners PLC has a one year low of $56.28 and a one year high of $72.67. The company’s fifty day moving average price is $69.34 and its two-hundred day moving average price is $65.41. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last released its earnings results on Friday, February 23rd. The company reported $1.85 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.85. As a group, analysts anticipate that Coca-Cola Europacific Partners PLC will post 4.18 earnings per share for the current year.

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.