Golden State Equity Partners Buys Shares of 4,223 Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Golden State Equity Partners bought a new stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 4,223 shares of the company’s stock, valued at approximately $282,000.

Several other institutional investors also recently bought and sold shares of CCEP. FMR LLC lifted its stake in shares of Coca-Cola Europacific Partners by 3.7% during the third quarter. FMR LLC now owns 6,359,772 shares of the company’s stock worth $397,359,000 after buying an additional 225,744 shares during the period. Massachusetts Financial Services Co. MA lifted its stake in shares of Coca-Cola Europacific Partners by 1.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,525,434 shares of the company’s stock worth $157,789,000 after buying an additional 47,501 shares during the period. JPMorgan Chase & Co. lifted its stake in shares of Coca-Cola Europacific Partners by 8.2% during the third quarter. JPMorgan Chase & Co. now owns 2,221,296 shares of the company’s stock worth $138,787,000 after buying an additional 168,420 shares during the period. Northern Trust Corp lifted its stake in shares of Coca-Cola Europacific Partners by 24.6% during the third quarter. Northern Trust Corp now owns 1,413,900 shares of the company’s stock worth $88,340,000 after buying an additional 279,218 shares during the period. Finally, Ameriprise Financial Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 4.2% during the third quarter. Ameriprise Financial Inc. now owns 1,383,485 shares of the company’s stock worth $86,060,000 after buying an additional 55,808 shares during the period. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on CCEP shares. BNP Paribas upgraded shares of Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 target price for the company in a research report on Friday, January 12th. UBS Group boosted their target price on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Argus boosted their target price on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. StockNews.com upgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Finally, Barclays boosted their target price on shares of Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. Nine research analysts have rated the stock with a buy rating, According to MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $75.44.

Coca-Cola Europacific Partners Trading Up 0.8 %

CCEP opened at $71.50 on Friday. Coca-Cola Europacific Partners PLC has a fifty-two week low of $56.28 and a fifty-two week high of $72.67. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 1.27. The company has a fifty day moving average of $69.62 and a two-hundred day moving average of $65.70.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last released its quarterly earnings data on Friday, February 23rd. The company reported $1.85 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.85. As a group, analysts forecast that Coca-Cola Europacific Partners PLC will post 4.18 EPS for the current fiscal year.

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.