Genesee Capital Advisors LLC Purchases 189 Shares of Coca-Cola Europacific Partners $CCEP

Genesee Capital Advisors LLC grew its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 1.7% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,123 shares of the company’s stock after buying an additional 189 shares during the quarter. Genesee Capital Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $1,031,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Trust Co. NA lifted its holdings in Coca-Cola Europacific Partners by 6.0% during the first quarter. Private Trust Co. NA now owns 2,022 shares of the company’s stock valued at $176,000 after purchasing an additional 115 shares in the last quarter. BKM Wealth Management LLC lifted its holdings in Coca-Cola Europacific Partners by 1.6% during the first quarter. BKM Wealth Management LLC now owns 7,834 shares of the company’s stock valued at $682,000 after purchasing an additional 124 shares in the last quarter. CWM LLC lifted its holdings in Coca-Cola Europacific Partners by 13.3% during the second quarter. CWM LLC now owns 1,136 shares of the company’s stock valued at $105,000 after purchasing an additional 133 shares in the last quarter. Assetmark Inc. lifted its holdings in Coca-Cola Europacific Partners by 107.3% during the first quarter. Assetmark Inc. now owns 284 shares of the company’s stock valued at $25,000 after purchasing an additional 147 shares in the last quarter. Finally, RWA Wealth Partners LLC lifted its holdings in Coca-Cola Europacific Partners by 0.3% during the first quarter. RWA Wealth Partners LLC now owns 53,905 shares of the company’s stock valued at $4,691,000 after purchasing an additional 149 shares in the last quarter. 31.35% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on the stock. Barclays lowered their price target on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Morgan Stanley cut shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Coca-Cola Europacific Partners in a research report on Wednesday, October 8th. Finally, UBS Group lifted their price objective on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $92.40.

Coca-Cola Europacific Partners Trading Up 0.3%

Shares of CCEP opened at $87.90 on Monday. The company’s fifty day moving average is $90.06 and its 200 day moving average is $90.87. Coca-Cola Europacific Partners has a fifty-two week low of $73.40 and a fifty-two week high of $100.67. The stock has a market capitalization of $40.52 billion, a PE ratio of 18.09, a P/E/G ratio of 2.47 and a beta of 0.76. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83.

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.