Custom Index Systems LLC Purchases New Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Custom Index Systems LLC acquired a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,972 shares of the company’s stock, valued at approximately $234,000.

Several other institutional investors have also modified their holdings of CCEP. Crewe Advisors LLC purchased a new stake in Coca-Cola Europacific Partners in the first quarter valued at $36,000. New Covenant Trust Company N.A. purchased a new position in Coca-Cola Europacific Partners during the 1st quarter worth approximately $36,000. New Millennium Group LLC acquired a new position in Coca-Cola Europacific Partners during the second quarter worth approximately $37,000. Whittier Trust Co. of Nevada Inc. lifted its stake in Coca-Cola Europacific Partners by 38.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock valued at $40,000 after buying an additional 139 shares during the last quarter. Finally, Mather Group LLC. boosted its holdings in shares of Coca-Cola Europacific Partners by 142.0% in the second quarter. Mather Group LLC. now owns 668 shares of the company’s stock valued at $47,000 after acquiring an additional 392 shares during the period. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Up 0.1 %

NASDAQ:CCEP opened at $77.98 on Monday. Coca-Cola Europacific Partners PLC has a 1 year low of $57.48 and a 1 year high of $82.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. The stock has a fifty day moving average price of $79.04 and a two-hundred day moving average price of $75.11. The stock has a market capitalization of $35.62 billion, a price-to-earnings ratio of 16.63, a PEG ratio of 3.54 and a beta of 0.90.

Wall Street Analyst Weigh In

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

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.