Concurrent Investment Advisors LLC Buys 354 Shares of Coca-Cola Europacific Partners $CCEP

Concurrent Investment Advisors LLC lifted its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 9.2% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,200 shares of the company’s stock after purchasing an additional 354 shares during the period. Concurrent Investment Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $389,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in CCEP. Wealth Enhancement Advisory Services LLC raised its stake in Coca-Cola Europacific Partners by 2.4% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 46,688 shares of the company’s stock valued at $4,063,000 after buying an additional 1,097 shares during the period. QRG Capital Management Inc. bought a new position in shares of Coca-Cola Europacific Partners in the first quarter valued at about $281,000. Retirement Systems of Alabama bought a new stake in shares of Coca-Cola Europacific Partners during the 1st quarter worth about $5,988,000. Genesee Capital Advisors LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 9.3% during the first quarter. Genesee Capital Advisors LLC now owns 10,934 shares of the company’s stock worth $952,000 after acquiring an additional 931 shares during the period. Finally, Asset Management One Co. Ltd. increased its position in Coca-Cola Europacific Partners by 5.1% during 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. 31.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

CCEP has been the topic of a number of analyst reports. Wall Street Zen downgraded Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. UBS Group raised their price target on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Morgan Stanley lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 7th. Barclays lowered their price target on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given 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 1.4%

Shares of NASDAQ CCEP opened at $90.54 on Friday. The firm has a 50 day moving average price of $89.48 and a two-hundred day moving average price of $90.92. The stock has a market cap of $41.73 billion, a P/E ratio of 18.63, a price-to-earnings-growth ratio of 2.59 and a beta of 0.77. Coca-Cola Europacific Partners has a 52-week low of $73.40 and a 52-week high of $100.67. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83.

Coca-Cola Europacific Partners Company 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.