Golden State Equity Partners Acquires Shares of 4,223 Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Golden State Equity Partners bought a new stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 4,223 shares of the company’s stock, valued at approximately $282,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Global Retirement Partners LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 24.1% in the fourth quarter. Global Retirement Partners LLC now owns 799 shares of the company’s stock valued at $54,000 after acquiring an additional 155 shares in the last quarter. Stratos Wealth Advisors LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 5.5% in the third quarter. Stratos Wealth Advisors LLC now owns 3,771 shares of the company’s stock valued at $236,000 after acquiring an additional 196 shares in the last quarter. Verdence Capital Advisors LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 2.6% in the fourth quarter. Verdence Capital Advisors LLC now owns 8,945 shares of the company’s stock valued at $597,000 after acquiring an additional 230 shares in the last quarter. Huntington National Bank boosted its holdings in Coca-Cola Europacific Partners by 7.6% during the third quarter. Huntington National Bank now owns 3,319 shares of the company’s stock worth $207,000 after buying an additional 235 shares in the last quarter. Finally, Janney Capital Management LLC boosted its holdings in Coca-Cola Europacific Partners by 3.7% during the third quarter. Janney Capital Management LLC now owns 6,967 shares of the company’s stock worth $435,000 after buying an additional 248 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $71.50 on Friday. The firm has a 50 day simple moving average of $69.62 and a 200-day simple moving average of $65.70. 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 PLC has a 1-year low of $56.28 and a 1-year high of $72.67.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last posted its quarterly earnings data on Friday, February 23rd. The company reported $1.85 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.85. On average, equities research analysts anticipate that Coca-Cola Europacific Partners PLC will post 4.18 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. BNP Paribas raised shares of Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price objective on the stock in a report on Friday, January 12th. StockNews.com raised shares of Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a report on Monday, February 26th. UBS Group lifted their target price on shares of 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 lifted their target price on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Nine investment analysts have rated the stock with a buy rating, According to MarketBeat.com, Coca-Cola Europacific Partners has an average rating of “Buy” and a consensus price target of $75.44.

Coca-Cola Europacific Partners Company 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.