Moran Wealth Management LLC Increases Holdings in Coca-Cola Europacific Partners $CCEP

Moran Wealth Management LLC lifted its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 2.2% in the 2nd quarter, HoldingsChannel reports. The firm owned 49,510 shares of the company’s stock after acquiring an additional 1,058 shares during the period. Moran Wealth Management LLC’s holdings in Coca-Cola Europacific Partners were worth $4,591,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also bought and sold shares of the company. Sequoia Financial Advisors LLC bought a new position in shares of Coca-Cola Europacific Partners during the 2nd quarter valued at about $230,000. Genesee Capital Advisors LLC raised its position in Coca-Cola Europacific Partners by 1.7% in the 2nd quarter. Genesee Capital Advisors LLC now owns 11,123 shares of the company’s stock worth $1,031,000 after purchasing an additional 189 shares during the period. CWM LLC raised its position in Coca-Cola Europacific Partners by 13.3% in the 2nd quarter. CWM LLC now owns 1,136 shares of the company’s stock worth $105,000 after purchasing an additional 133 shares during the period. Vanguard Personalized Indexing Management LLC increased its position in shares of Coca-Cola Europacific Partners by 18.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 23,585 shares of the company’s stock worth $2,187,000 after acquiring an additional 3,730 shares during the period. Finally, Concurrent Investment Advisors LLC increased its position in shares of Coca-Cola Europacific Partners by 9.2% during the second quarter. Concurrent Investment Advisors LLC now owns 4,200 shares of the company’s stock worth $389,000 after acquiring an additional 354 shares during the period. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

NASDAQ CCEP opened at $89.80 on Wednesday. The firm’s fifty day simple moving average is $89.69 and its two-hundred day simple moving average is $90.87. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15. Coca-Cola Europacific Partners has a 12-month low of $73.40 and a 12-month high of $100.67. The firm has a market capitalization of $41.39 billion, a P/E ratio of 18.48, a P/E/G ratio of 2.47 and a beta of 0.77.

Analyst Upgrades and Downgrades

CCEP has been the topic of a number of research reports. Barclays reduced their target price on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Wall Street Zen lowered shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. Morgan Stanley lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 7th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Coca-Cola Europacific Partners in a report on Wednesday, October 8th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $92.40.

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.