Wealth Enhancement Advisory Services LLC Has $3.73 Million Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Wealth Enhancement Advisory Services LLC increased its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 0.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,319 shares of the company’s stock after buying an additional 325 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Coca-Cola Europacific Partners were worth $3,726,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Samlyn Capital LLC increased its stake in Coca-Cola Europacific Partners by 23.2% in the second quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock valued at $135,155,000 after acquiring an additional 349,466 shares during the period. Millennium Management LLC grew its stake in shares of Coca-Cola Europacific Partners by 7.6% in the 2nd quarter. Millennium Management LLC now owns 1,636,023 shares of the company’s stock valued at $119,217,000 after purchasing an additional 115,604 shares during the period. Point72 Asset Management L.P. lifted its position in shares of Coca-Cola Europacific Partners by 144.1% during the 2nd quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company’s stock worth $87,788,000 after buying an additional 711,121 shares during the period. Public Sector Pension Investment Board boosted its stake in Coca-Cola Europacific Partners by 3.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 887,013 shares of the company’s stock valued at $64,637,000 after buying an additional 29,181 shares in the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Coca-Cola Europacific Partners during the first quarter worth $47,839,000. 31.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

Coca-Cola Europacific Partners Stock Down 0.5 %

Shares of NASDAQ CCEP opened at $76.00 on Friday. Coca-Cola Europacific Partners PLC has a 1 year low of $57.48 and a 1 year high of $82.32. The firm’s 50-day moving average is $78.94 and its 200-day moving average is $75.25. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $34.72 billion, a PE ratio of 16.20, a price-to-earnings-growth ratio of 3.54 and a beta of 0.90.

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.