Cumberland Partners Ltd Has $667,000 Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Cumberland Partners Ltd boosted its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 53.8% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 10,000 shares of the company’s stock after acquiring an additional 3,500 shares during the period. Cumberland Partners Ltd’s holdings in Coca-Cola Europacific Partners were worth $667,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of CCEP. FMR LLC grew its position in Coca-Cola Europacific Partners by 3.7% during the third quarter. FMR LLC now owns 6,359,772 shares of the company’s stock valued at $397,359,000 after buying an additional 225,744 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Coca-Cola Europacific Partners by 1.9% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,525,434 shares of the company’s stock valued at $157,789,000 after buying an additional 47,501 shares in the last quarter. JPMorgan Chase & Co. raised its position in shares of Coca-Cola Europacific Partners by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,221,296 shares of the company’s stock worth $138,787,000 after purchasing an additional 168,420 shares during the last quarter. Northern Trust Corp raised its position in Coca-Cola Europacific Partners by 24.6% in the 3rd quarter. Northern Trust Corp now owns 1,413,900 shares of the company’s stock worth $88,340,000 after buying an additional 279,218 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its position in shares of Coca-Cola Europacific Partners by 4.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 1,383,485 shares of the company’s stock valued at $86,060,000 after purchasing an additional 55,808 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on CCEP shares. BNP Paribas upgraded Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price target for the company in a research note on Friday, January 12th. StockNews.com upgraded Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Deutsche Bank Aktiengesellschaft increased their target price on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. UBS Group increased their price target on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Finally, Argus raised their price objective on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and an average price target of $74.02.

Coca-Cola Europacific Partners Price Performance

CCEP traded up $0.69 during mid-day trading on Wednesday, hitting $69.82. 595,060 shares of the stock were exchanged, compared to its average volume of 1,515,163. The firm’s fifty day moving average is $69.39 and its two-hundred day moving average is $65.49. Coca-Cola Europacific Partners PLC has a 1-year low of $56.28 and a 1-year high of $72.67. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last posted its quarterly earnings results on Friday, February 23rd. The company reported $1.85 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.85. As a group, sell-side analysts expect that Coca-Cola Europacific Partners PLC will post 4.18 earnings per share for the current fiscal year.

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.