Bfsg LLC Makes New $192,000 Investment in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Bfsg LLC bought a new position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 2,880 shares of the company’s stock, valued at approximately $192,000.

Several other hedge funds also recently made changes to their positions in the company. AustralianSuper Pty Ltd purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter valued at about $1,467,000. Pacer Advisors Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 1,120.3% during the 4th quarter. Pacer Advisors Inc. now owns 23,332 shares of the company’s stock valued at $1,557,000 after acquiring an additional 21,420 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in shares of Coca-Cola Europacific Partners during the 3rd quarter valued at about $685,000. International Assets Investment Management LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter valued at about $5,876,000. Finally, Korea Investment CORP boosted its holdings in shares of Coca-Cola Europacific Partners by 4.1% in the third quarter. Korea Investment CORP now owns 252,644 shares of the company’s stock worth $15,843,000 after buying an additional 9,893 shares during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Up 1.5 %

NASDAQ:CCEP traded up $1.07 during mid-day trading on Thursday, reaching $70.73. The company’s stock had a trading volume of 917,495 shares, compared to its average volume of 1,514,030. Coca-Cola Europacific Partners PLC has a 1 year low of $56.28 and a 1 year high of $72.67. The stock has a fifty day moving average of $69.46 and a 200-day moving average of $65.52. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 1.27.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last released its quarterly earnings data on Friday, February 23rd. The company reported $1.85 earnings per share for the quarter, hitting analysts’ consensus estimates of $1.85. Sell-side analysts predict that Coca-Cola Europacific Partners PLC will post 4.18 EPS for the current year.

Wall Street Analyst Weigh In

CCEP has been the topic of a number of recent analyst reports. Argus raised 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 note on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a research report on Thursday, March 28th. Barclays boosted their price target on shares of Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. BNP Paribas upgraded shares of Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price target on the stock in a research report on Friday, January 12th. Finally, StockNews.com raised shares of Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola Europacific Partners currently has a consensus rating of “Moderate Buy” and an average target price of $74.02.

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.