Sequoia Financial Advisors LLC Invests $230,000 in Coca-Cola Europacific Partners $CCEP

Sequoia Financial Advisors LLC purchased a new position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,479 shares of the company’s stock, valued at approximately $230,000.

Other institutional investors have also modified their holdings of the company. Assetmark Inc. boosted its stake in shares of Coca-Cola Europacific Partners by 107.3% during the 1st quarter. Assetmark Inc. now owns 284 shares of the company’s stock worth $25,000 after acquiring an additional 147 shares in the last quarter. Cullen Frost Bankers Inc. grew its holdings in Coca-Cola Europacific Partners by 204.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company’s stock valued at $32,000 after buying an additional 245 shares during the last quarter. HM Payson & Co. acquired a new stake in Coca-Cola Europacific Partners during the 1st quarter valued at $33,000. Motco grew its holdings in Coca-Cola Europacific Partners by 285.7% during the 1st quarter. Motco now owns 405 shares of the company’s stock valued at $35,000 after buying an additional 300 shares during the last quarter. Finally, Quarry LP grew its holdings in Coca-Cola Europacific Partners by 115.8% during the 1st quarter. Quarry LP now owns 436 shares of the company’s stock valued at $38,000 after buying an additional 234 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Weiss Ratings reiterated a “buy (b+)” rating on shares of Coca-Cola Europacific Partners in a research report on Wednesday, October 8th. Wall Street Zen cut Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Morgan Stanley cut Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 7th. Barclays dropped their price objective on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Finally, UBS Group lifted their price objective on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of “Hold” and a consensus target price of $92.40.

Coca-Cola Europacific Partners Trading Down 1.3%

Shares of Coca-Cola Europacific Partners stock opened at $91.29 on Friday. Coca-Cola Europacific Partners has a fifty-two week low of $73.40 and a fifty-two week high of $100.67. The firm has a market cap of $42.08 billion, a PE ratio of 18.78, a P/E/G ratio of 2.65 and a beta of 0.77. The business’s fifty day moving average is $89.40 and its two-hundred day moving average is $91.05. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15.

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.