Legacy Capital Wealth Partners LLC Takes $407,000 Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Legacy Capital Wealth Partners LLC bought a new stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the 2nd quarter, Holdings Channel.com reports. The fund bought 5,583 shares of the company’s stock, valued at approximately $407,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. FIL Ltd grew its stake in Coca-Cola Europacific Partners by 9.6% during the 4th quarter. FIL Ltd now owns 3,629,675 shares of the company’s stock worth $242,245,000 after purchasing an additional 317,936 shares in the last quarter. Point72 Asset Management L.P. boosted its stake in Coca-Cola Europacific Partners by 89.3% during the 4th quarter. Point72 Asset Management L.P. now owns 2,156,056 shares of the company’s stock worth $143,895,000 after purchasing an additional 1,017,278 shares during the period. Fiduciary Management Inc. WI grew its holdings in shares of Coca-Cola Europacific Partners by 25.8% during the fourth quarter. Fiduciary Management Inc. WI now owns 1,785,320 shares of the company’s stock worth $119,152,000 after buying an additional 365,820 shares during the last quarter. Wells Fargo & Company MN raised its stake in shares of Coca-Cola Europacific Partners by 1.2% during the fourth quarter. Wells Fargo & Company MN now owns 1,066,631 shares of the company’s stock worth $71,187,000 after purchasing an additional 12,679 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter worth $68,360,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Bank of America upped their target price on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. StockNews.com downgraded Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Sunday, May 19th. Finally, Barclays increased their target price on Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $78.11.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $80.50 on Wednesday. Coca-Cola Europacific Partners PLC has a one year low of $56.28 and a one year high of $81.25. The business’s 50-day simple moving average is $75.06 and its 200 day simple moving average is $72.70. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12.

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.