Bay Capital Advisors LLC Invests $292,000 in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Bay Capital Advisors LLC bought a new position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 3,800 shares of the company’s stock, valued at approximately $292,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Coca-Cola Europacific Partners by 307.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock worth $191,984,000 after buying an additional 1,839,321 shares during the period. Janus Henderson Group PLC bought a new position in shares of Coca-Cola Europacific Partners in the 3rd quarter valued at about $52,364,000. SG Americas Securities LLC grew its position in Coca-Cola Europacific Partners by 120.8% in the fourth quarter. SG Americas Securities LLC now owns 433,121 shares of the company’s stock worth $33,268,000 after acquiring an additional 236,917 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Coca-Cola Europacific Partners during the fourth quarter valued at approximately $14,999,000. Finally, Generate Investment Management Ltd bought a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at approximately $14,195,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Down 1.3 %

Shares of NASDAQ:CCEP opened at $83.79 on Tuesday. Coca-Cola Europacific Partners PLC has a twelve month low of $65.94 and a twelve month high of $88.39. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The firm has a market cap of $38.62 billion, a P/E ratio of 17.24, a P/E/G ratio of 4.89 and a beta of 0.91. The company has a 50 day moving average of $82.00 and a 200-day moving average of $79.18.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CCEP shares. Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price objective on the stock. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. lowered Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and cut their target price for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. Barclays boosted their price target on shares of Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, March 6th. Finally, Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $86.88.

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.