ProShare Advisors LLC boosted its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP – Free Report) by 1.4% during the 3rd quarter, Holdings Channel.com reports. The firm owned 420,424 shares of the company’s stock after purchasing an additional 5,932 shares during the quarter. ProShare Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $42,761,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of the stock. Root Financial Partners LLC acquired a new position in shares of Coca-Cola Europacific Partners in the 3rd quarter valued at about $30,000. Annis Gardner Whiting Capital Advisors LLC grew its holdings in Coca-Cola Europacific Partners by 407.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the company’s stock worth $32,000 after acquiring an additional 285 shares during the period. Whipplewood Advisors LLC raised its position in Coca-Cola Europacific Partners by 1,537.5% during the first quarter. Whipplewood Advisors LLC now owns 393 shares of the company’s stock valued at $36,000 after acquiring an additional 369 shares in the last quarter. Eastern Bank purchased a new position in Coca-Cola Europacific Partners during the second quarter valued at approximately $49,000. Finally, Axiom Investment Management LLC purchased a new position in Coca-Cola Europacific Partners during the first quarter valued at approximately $72,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on CCEP shares. Barclays decreased their price target on Coca-Cola Europacific Partners from $119.00 to $112.00 and set an “overweight” rating for the company in a report on Friday, October 16th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $106.00 target price on shares of Coca-Cola Europacific Partners in a report on Wednesday, August 5th. Wells Fargo & Company decreased their target price on shares of Coca-Cola Europacific Partners from $120.00 to $115.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. UBS Group reiterated a “neutral” rating and issued a $107.00 price objective (down from $109.00) on shares of Coca-Cola Europacific Partners in a research report on Monday, October 5th. Finally, ING Group lowered shares of Coca-Cola Europacific Partners to a “hold” rating in a research note on Friday, September 18th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.11.
Get Our Latest Analysis on CCEP
Coca-Cola Europacific Partners Price Performance
Shares of CCEP stock opened at $113.22 on Monday. The company has a quick ratio of 0.68, a current ratio of 0.89 and a debt-to-equity ratio of 1.20. The stock has a 50 day simple moving average of $106.05 and a 200-day simple moving average of $100.61. Coca-Cola Europacific Partners has a 1-year low of $84.65 and a 1-year high of $114.59.
About Coca-Cola Europacific Partners
Coca-Cola Europacific Partners plc (NASDAQ: CCEP) is a consumer beverage company and one of the world’s largest Coca-Cola bottlers. The company manufactures, distributes and sells a broad portfolio of branded beverages, including Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Fuze Tea, Powerade, Monster Energy and Costa Coffee products, depending on the market.
CCEP serves customers across Europe and the Asia-Pacific region. Its territories include Great Britain, France, Germany, Spain, Portugal, Belgium, the Netherlands, Norway, Sweden and Iceland, as well as Australia, New Zealand, Indonesia, Papua New Guinea and several Pacific island markets.
Featured Stories
- Five stocks we like better than Coca-Cola Europacific Partners
- STMicroelectronics Could Reach New Highs—Here’s What Needs to Happen
- Marvell Eyes a Swing for the AI Networking Fences as Markets Weigh Lumentum Price Tag
- Exxon’s Refining Profits Soared—Did Chevron Get the Same Windfall?
- Eli Lilly’s First Full Medicare Quarter: Is Volume Still Outrunning Price Cuts?
Want to see what other hedge funds are holding CCEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Europacific Partners (NASDAQ:CCEP – Free Report).
Receive News & Ratings for Coca-Cola Europacific Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Europacific Partners and related companies with MarketBeat.com's FREE daily email newsletter.
