Wealthquest Corp Invests $435,000 in Coca-Cola Europacific Partners (NASDAQ:CCEP)

Key Points

• Wealthquest Corp has acquired 4,994 shares of Coca-Cola Europacific Partners, valued at approximately $435,000, according to their recent SEC filing.
• Several institutional investors, including Private Trust Co. NA and BKM Wealth Management LLC, have increased their holdings in Coca-Cola Europacific Partners, reflecting growing interest in the company.
• Analysts have varying views on Coca-Cola Europacific Partners, with Barclays maintaining an "overweight" rating and a price target increase to $104.00, while others have adjusted their ratings from "buy" to "hold."

Wealthquest Corp purchased a new stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 4,994 shares of the company's stock, valued at approximately $435,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Assetmark Inc. raised its stake in shares of Coca-Cola Europacific Partners by 107.3% in the first quarter. Assetmark Inc. now owns 284 shares of the company's stock worth $25,000 after acquiring an additional 147 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Coca-Cola Europacific Partners in the first quarter worth about $28,000. Optiver Holding B.V. bought a new position in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $29,000. Cullen Frost Bankers Inc. raised its stake in shares of Coca-Cola Europacific Partners by 204.2% in the first quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company's stock worth $32,000 after acquiring an additional 245 shares during the last quarter. Finally, HM Payson & Co. bought a new position in shares of Coca-Cola Europacific Partners in the first quarter worth about $33,000. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Stock Up 0.4%

CCEP traded up $0.35 during trading on Friday, reaching $97.27. The company had a trading volume of 1,751,666 shares, compared to its average volume of 1,496,612. 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 12 month low of $71.49 and a 12 month high of $100.67. The business's fifty day moving average price is $94.28 and its 200 day moving average price is $88.16. The company has a market cap of $44.84 billion, a P/E ratio of 20.01, a PEG ratio of 4.92 and a beta of 0.75.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on CCEP shares. Wall Street Zen cut shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. UBS Group lifted their price target on shares of 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 research report on Tuesday, July 15th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $90.57.

Coca-Cola Europacific Partners 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.