Cetera Investment Advisers Purchases 4,064 Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP)

Key Points

• Cetera Investment Advisers increased its holdings in Coca-Cola Europacific Partners by 13.0%, acquiring an additional 4,064 shares and bringing its total to 35,403 shares valued at $3,081,000.
• Several institutional investors, including Bank of New York Mellon and Siemens Fonds Invest, have also boosted their stakes in Coca-Cola Europacific Partners, reflecting growing interest among major investors.
• Analysts have varying views on the stock, with one notable upgrade from **UBS Group**, raising the target price from $100.00 to **$105.00**, while the average consensus rating remains a "Moderate Buy" with a target price of **$90.57**.

Cetera Investment Advisers raised its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 13.0% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,403 shares of the company's stock after acquiring an additional 4,064 shares during the period. Cetera Investment Advisers' holdings in Coca-Cola Europacific Partners were worth $3,081,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Bank of New York Mellon Corp boosted its stake in shares of Coca-Cola Europacific Partners by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 657,071 shares of the company's stock valued at $57,185,000 after buying an additional 13,981 shares during the period. Siemens Fonds Invest GmbH boosted its stake in shares of Coca-Cola Europacific Partners by 79.1% in the fourth quarter. Siemens Fonds Invest GmbH now owns 16,226 shares of the company's stock valued at $1,246,000 after buying an additional 7,165 shares during the period. China Universal Asset Management Co. Ltd. boosted its stake in shares of Coca-Cola Europacific Partners by 52.0% in the first quarter. China Universal Asset Management Co. Ltd. now owns 11,385 shares of the company's stock valued at $991,000 after buying an additional 3,893 shares during the period. Deutsche Bank AG boosted its stake in shares of Coca-Cola Europacific Partners by 7.3% in the fourth quarter. Deutsche Bank AG now owns 1,689,202 shares of the company's stock valued at $129,748,000 after buying an additional 114,754 shares during the period. Finally, Bessemer Group Inc. boosted its stake in shares of Coca-Cola Europacific Partners by 3.1% in the first quarter. Bessemer Group Inc. now owns 20,141 shares of the company's stock valued at $1,753,000 after buying an additional 605 shares during the period. Institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Up 0.5%

CCEP opened at $98.33 on Wednesday. The company has a fifty day moving average price of $94.64 and a 200-day moving average price of $88.46. The firm has a market capitalization of $45.33 billion, a P/E ratio of 20.23, a price-to-earnings-growth ratio of 2.56 and a beta of 0.75. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.62. Coca-Cola Europacific Partners has a one year low of $71.49 and a one year high of $100.67.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Barclays restated an "overweight" rating and set a $104.00 target price (up from $101.00) on shares of Coca-Cola Europacific Partners in a research note on Tuesday, July 15th. UBS Group upped their target price on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Finally, Wall Street Zen cut Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Coca-Cola Europacific Partners has an average rating of "Moderate Buy" and a consensus target price of $90.57.

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.

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