Bay Capital Advisors LLC Makes New $292,000 Investment in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Bay Capital Advisors LLC purchased a new stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the fourth quarter, according to its most recent filing with the SEC. The fund purchased 3,800 shares of the company’s stock, valued at approximately $292,000.

Several other institutional investors and hedge funds have also made changes to their positions in CCEP. World Investment Advisors LLC bought a new stake in shares of Coca-Cola Europacific Partners during the third quarter valued at approximately $6,975,000. Amundi lifted its holdings in shares of Coca-Cola Europacific Partners by 2.9% during the fourth quarter. Amundi now owns 3,078,851 shares of the company’s stock valued at $233,716,000 after purchasing an additional 87,675 shares during the last quarter. Transform Wealth LLC increased its position in shares of Coca-Cola Europacific Partners by 7.7% in the fourth quarter. Transform Wealth LLC now owns 138,691 shares of the company’s stock worth $10,653,000 after acquiring an additional 9,864 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 2.9% in the third quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock valued at $160,138,000 after purchasing an additional 58,247 shares in the last quarter. Finally, Catalyst Funds Management Pty Ltd acquired a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at about $12,075,000. 31.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

CCEP has been the topic of a number of recent research reports. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Barclays upped their target price on shares of Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, March 6th. Sanford C. Bernstein initiated coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price objective for the company. Finally, JPMorgan Chase & Co. lowered Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.88.

Coca-Cola Europacific Partners Stock Down 1.3 %

Shares of NASDAQ CCEP opened at $83.79 on Tuesday. The company has a market cap of $38.62 billion, a P/E ratio of 17.24, a P/E/G ratio of 4.89 and a beta of 0.91. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a 52 week low of $65.94 and a 52 week high of $88.39. The business has a 50-day simple moving average of $82.00 and a two-hundred day simple moving average of $79.18.

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.