RWA Wealth Partners LLC Raises Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

RWA Wealth Partners LLC raised its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,756 shares of the company’s stock after purchasing an additional 864 shares during the quarter. RWA Wealth Partners LLC’s holdings in Coca-Cola Europacific Partners were worth $4,129,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. World Investment Advisors LLC acquired a new position in Coca-Cola Europacific Partners in the 3rd quarter valued at about $6,975,000. Amundi grew its holdings in shares of Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Amundi now owns 3,078,851 shares of the company’s stock valued at $233,716,000 after purchasing an additional 87,675 shares in the last quarter. Transform Wealth LLC increased its stake in Coca-Cola Europacific Partners by 7.7% during the 4th quarter. Transform Wealth LLC now owns 138,691 shares of the company’s stock worth $10,653,000 after buying an additional 9,864 shares during the period. Catalyst Funds Management Pty Ltd purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter worth approximately $12,075,000. Finally, Geode Capital Management LLC lifted its holdings in Coca-Cola Europacific Partners by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock worth $160,138,000 after buying an additional 58,247 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. UBS Group raised their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Barclays upped their price objective on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday. Evercore ISI boosted their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. Sanford C. Bernstein initiated 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 price target on the stock. Finally, Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP opened at $86.30 on Monday. The company has a market capitalization of $39.78 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a fifty-two week low of $65.94 and a fifty-two week high of $88.39. The firm has a 50-day simple moving average of $82.76 and a 200-day simple moving average of $79.33. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81.

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.