Legacy Wealth Asset Management LLC Decreases Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Legacy Wealth Asset Management LLC lessened its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.9% in the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 29,518 shares of the company’s stock after selling 570 shares during the period. Coca-Cola Europacific Partners comprises about 0.6% of Legacy Wealth Asset Management LLC’s holdings, making the stock its 29th biggest position. Legacy Wealth Asset Management LLC’s holdings in Coca-Cola Europacific Partners were worth $2,325,000 as of its most recent filing with the SEC.

Other large investors have also added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. increased its stake in shares of Coca-Cola Europacific Partners by 24.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 16,477 shares of the company’s stock worth $1,298,000 after purchasing an additional 3,275 shares in the last quarter. International Assets Investment Management LLC purchased a new position in Coca-Cola Europacific Partners during the third quarter valued at approximately $3,840,000. Private Advisor Group LLC grew its stake in Coca-Cola Europacific Partners by 14.8% during the third quarter. Private Advisor Group LLC now owns 4,230 shares of the company’s stock valued at $333,000 after acquiring an additional 545 shares in the last quarter. Signaturefd LLC grew its stake in Coca-Cola Europacific Partners by 4.2% during the third quarter. Signaturefd LLC now owns 5,977 shares of the company’s stock valued at $471,000 after acquiring an additional 242 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its stake in Coca-Cola Europacific Partners by 38.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock valued at $40,000 after acquiring an additional 139 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have issued reports on CCEP. Bank of America lifted their target price on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. Barclays dropped their target price on shares of Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Finally, BNP Paribas lowered shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price for the company. in a research report on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and an average target price of $80.88.

Coca-Cola Europacific Partners Trading Up 0.1 %

Shares of CCEP opened at $77.98 on Friday. The firm has a market cap of $35.62 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 3.54 and a beta of 0.90. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. Coca-Cola Europacific Partners PLC has a fifty-two week low of $57.48 and a fifty-two week high of $82.32. The firm has a 50 day moving average price of $79.00 and a 200-day moving average price of $74.94.

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.