Coca-Cola Europacific Partners $CCEP Shares Purchased by RWA Wealth Partners LLC

RWA Wealth Partners LLC lifted its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 9.4% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 59,579 shares of the company’s stock after acquiring an additional 5,107 shares during the quarter. RWA Wealth Partners LLC’s holdings in Coca-Cola Europacific Partners were worth $5,387,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. Invesco Ltd. grew its position in Coca-Cola Europacific Partners by 14.7% in the 2nd quarter. Invesco Ltd. now owns 11,858,949 shares of the company’s stock worth $1,099,562,000 after purchasing an additional 1,523,055 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Coca-Cola Europacific Partners by 2.6% during the third quarter. Vanguard Group Inc. now owns 10,960,110 shares of the company’s stock worth $994,598,000 after buying an additional 278,083 shares during the period. Massachusetts Financial Services Co. MA grew its holdings in Coca-Cola Europacific Partners by 138.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,835,583 shares of the company’s stock worth $527,595,000 after buying an additional 3,392,680 shares in the last quarter. Truist Financial Corp grew its holdings in Coca-Cola Europacific Partners by 10,480.7% in the 3rd quarter. Truist Financial Corp now owns 4,756,043 shares of the company’s stock worth $429,994,000 after buying an additional 4,711,093 shares in the last quarter. Finally, State Street Corp increased its position in Coca-Cola Europacific Partners by 5.3% in the 2nd quarter. State Street Corp now owns 4,729,040 shares of the company’s stock valued at $438,477,000 after acquiring an additional 239,400 shares during the period. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Stock Up 0.5%

NASDAQ CCEP opened at $108.24 on Thursday. Coca-Cola Europacific Partners has a 12 month low of $80.70 and a 12 month high of $108.34. The company’s 50 day simple moving average is $93.64 and its 200 day simple moving average is $91.29. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23.

Analysts Set New Price Targets

A number of research analysts have issued reports on CCEP shares. Citigroup reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, February 19th. Bank of America reaffirmed a “neutral” rating and issued a $96.00 price objective (down from $102.00) on shares of Coca-Cola Europacific Partners in a report on Wednesday, January 14th. Barclays raised their target price on shares of Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $114.00 price target on shares of Coca-Cola Europacific Partners in a research note on Thursday, January 8th. Finally, Evercore reiterated an “outperform” rating and set a $112.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Wednesday, February 18th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $107.71.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.