Transform Wealth LLC Grows Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Transform Wealth LLC boosted its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 10.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 128,827 shares of the company's stock after purchasing an additional 12,143 shares during the quarter. Transform Wealth LLC's holdings in Coca-Cola Europacific Partners were worth $10,145,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Vontobel Holding Ltd. raised its holdings in shares of Coca-Cola Europacific Partners by 2,575.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company's stock worth $20,244,000 after acquiring an additional 246,458 shares in the last quarter. Creative Planning raised its stake in Coca-Cola Europacific Partners by 2.9% during the third quarter. Creative Planning now owns 33,685 shares of the company's stock valued at $2,653,000 after purchasing an additional 942 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its stake in Coca-Cola Europacific Partners by 31.7% during the third quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 91,263 shares of the company's stock valued at $7,191,000 after purchasing an additional 21,985 shares in the last quarter. Redhawk Wealth Advisors Inc. bought a new position in Coca-Cola Europacific Partners during the third quarter valued at $362,000. Finally, CWM LLC grew its stake in shares of Coca-Cola Europacific Partners by 14.5% in the 3rd quarter. CWM LLC now owns 1,318 shares of the company's stock worth $104,000 after buying an additional 167 shares in the last quarter. Institutional investors own 31.35% of the company's stock.

Analyst Ratings Changes

CCEP has been the topic of several recent research reports. Citigroup upgraded shares of Coca-Cola Europacific Partners to a "strong-buy" rating in a research report on Thursday, October 3rd. Barclays lowered their price objective on Coca-Cola Europacific Partners from $85.00 to $84.00 and set an "overweight" rating for the company in a research note on Friday, October 11th. Deutsche Bank Aktiengesellschaft boosted their target price on 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. BNP Paribas downgraded Coca-Cola Europacific Partners from an "outperform" rating to a "neutral" rating and set a $81.00 price target for the company. in a research report on Tuesday, September 10th. Finally, Bank of America boosted their price objective 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. Two research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $80.88.

Coca-Cola Europacific Partners Trading Down 0.3 %

Shares of CCEP traded down $0.24 during trading hours on Wednesday, reaching $76.94. 808,281 shares of the company traded hands, compared to its average volume of 1,410,684. The stock's fifty day moving average price is $78.58 and its 200 day moving average price is $74.61. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12. The firm has a market cap of $35.15 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 3.54 and a beta of 0.90. Coca-Cola Europacific Partners PLC has a 12-month low of $56.45 and a 12-month high of $82.32.

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.