Hennion & Walsh Asset Management Inc. Purchases 3,275 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Hennion & Walsh Asset Management Inc. boosted its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 24.8% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,477 shares of the company’s stock after purchasing an additional 3,275 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in Coca-Cola Europacific Partners were worth $1,298,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Crewe Advisors LLC bought a new position in shares of Coca-Cola Europacific Partners in the 1st quarter worth about $36,000. New Covenant Trust Company N.A. purchased a new position in shares of Coca-Cola Europacific Partners during the first quarter valued at approximately $36,000. New Millennium Group LLC bought a new stake in shares of Coca-Cola Europacific Partners in the 2nd quarter worth approximately $37,000. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Coca-Cola Europacific Partners by 38.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock worth $40,000 after buying an additional 139 shares during the last quarter. Finally, Mather Group LLC. increased its position in Coca-Cola Europacific Partners by 142.0% during the 2nd quarter. Mather Group LLC. now owns 668 shares of the company’s stock valued at $47,000 after buying an additional 392 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP opened at $77.98 on Friday. Coca-Cola Europacific Partners PLC has a one year low of $57.48 and a one year high of $82.32. The business has a fifty day moving average of $79.04 and a 200 day moving average of $75.01. 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 firm has a market capitalization of $35.62 billion, a P/E ratio of 16.63, a PEG ratio of 3.54 and a beta of 0.90.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the company. Barclays dropped their target price 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 raised their price objective on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target for the company. in a research report on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $80.88.

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.