Bleakley Financial Group LLC Reduces Stock Position in Coca-Cola Europacific Partners $CCEP

Bleakley Financial Group LLC cut its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 11.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,005 shares of the company’s stock after selling 1,321 shares during the quarter. Bleakley Financial Group LLC’s holdings in Coca-Cola Europacific Partners were worth $928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of CCEP. Asset Management One Co. Ltd. lifted its holdings in Coca-Cola Europacific Partners by 5.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 77,958 shares of the company’s stock worth $6,785,000 after buying an additional 3,786 shares during the period. Bessemer Group Inc. increased its stake in shares of Coca-Cola Europacific Partners by 3.1% during the first quarter. Bessemer Group Inc. now owns 20,141 shares of the company’s stock valued at $1,753,000 after buying an additional 605 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Coca-Cola Europacific Partners by 13.5% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 100,146 shares of the company’s stock valued at $8,643,000 after acquiring an additional 11,916 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its stake in Coca-Cola Europacific Partners by 1.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 163,078 shares of the company’s stock worth $14,217,000 after acquiring an additional 2,850 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Coca-Cola Europacific Partners by 253.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,948,024 shares of the company’s stock valued at $169,537,000 after acquiring an additional 1,397,394 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Up 0.2%

NASDAQ:CCEP opened at $91.45 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. Coca-Cola Europacific Partners has a one year low of $73.40 and a one year high of $100.67. The company’s 50-day simple moving average is $89.41 and its 200 day simple moving average is $91.18.

Analysts Set New Price Targets

CCEP has been the topic of a number of research analyst reports. Weiss Ratings reissued a “buy (b+)” rating on shares of Coca-Cola Europacific Partners in a research report on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners 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 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. Finally, UBS Group increased their target price 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 investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners has an average rating of “Hold” and a consensus price target of $92.40.

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.