Kestra Private Wealth Services LLC Purchases Shares of 2,636 Coca-Cola Europacific Partners (NASDAQ:CCEP)

Key Points

• Kestra Private Wealth Services LLC has invested approximately $229,000 in Coca-Cola Europacific Partners (NASDAQ:CCEP), acquiring a total of 2,636 shares during the first quarter.
• Several other institutional investors have also increased their holdings in CCEP, with a notable 204.2% increase from Cullen Frost Bankers Inc.
• Analysts currently maintain a consensus rating of "Moderate Buy" for CCEP stock, with target prices ranging from $90.57 to $105.00.

Kestra Private Wealth Services LLC acquired a new stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,636 shares of the company's stock, valued at approximately $229,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. NBC Securities Inc. bought a new position in Coca-Cola Europacific Partners in the first quarter worth about $28,000. Optiver Holding B.V. bought a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter worth approximately $29,000. Cullen Frost Bankers Inc. boosted its position in shares of Coca-Cola Europacific Partners by 204.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company's stock worth $32,000 after purchasing an additional 245 shares in the last quarter. HM Payson & Co. bought a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter worth approximately $33,000. Finally, Summit Securities Group LLC bought a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter worth approximately $34,000. 31.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

CCEP has been the topic of a number of analyst reports. Wall Street Zen cut Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. UBS Group boosted their price target on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Barclays reiterated an "overweight" rating and set a $104.00 price target (up previously from $101.00) on shares of Coca-Cola Europacific Partners in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Coca-Cola Europacific Partners presently has an average rating of "Moderate Buy" and a consensus price target of $90.57.

Coca-Cola Europacific Partners Stock Performance

CCEP traded up $1.09 during trading on Tuesday, hitting $99.25. The company's stock had a trading volume of 1,672,160 shares, compared to its average volume of 1,602,631. The company has a quick ratio of 0.62, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners has a one year low of $71.49 and a one year high of $100.67. The firm has a market cap of $45.75 billion, a PE ratio of 20.42, a P/E/G ratio of 4.97 and a beta of 0.77. The business's 50 day simple moving average is $93.54 and its 200-day simple moving average is $87.60.

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.