Howard Capital Management Inc. Purchases New Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Howard Capital Management Inc. purchased a new stake 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 institutional investor purchased 4,425 shares of the company’s stock, valued at approximately $340,000.

Several other institutional investors have also recently added to or reduced their stakes in the stock. MassMutual Private Wealth & Trust FSB increased its stake in Coca-Cola Europacific Partners by 85.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock valued at $33,000 after purchasing an additional 197 shares during the last quarter. Plato Investment Management Ltd bought a new stake in Coca-Cola Europacific Partners during the third quarter valued at $50,000. Brown Brothers Harriman & Co. increased its stake in Coca-Cola Europacific Partners by 1,604.0% during the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock valued at $67,000 after purchasing an additional 802 shares during the last quarter. Blue Trust Inc. increased its stake in Coca-Cola Europacific Partners by 21.5% during the third quarter. Blue Trust Inc. now owns 1,023 shares of the company’s stock valued at $75,000 after purchasing an additional 181 shares during the last quarter. Finally, Icon Wealth Advisors LLC bought a new stake in Coca-Cola Europacific Partners during the third quarter valued at $105,000. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ CCEP opened at $87.20 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 debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The firm has a 50-day moving average of $78.48 and a two-hundred day moving average of $78.27.

Analysts Set New Price Targets

Several research firms have weighed in on CCEP. Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price for the company. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and lowered their target price for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. UBS Group boosted their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. 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. Finally, Barclays lowered their price target on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

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.