NEOS Investment Management LLC raised its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP – Free Report) by 12.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 273,000 shares of the company’s stock after buying an additional 29,318 shares during the period. NEOS Investment Management LLC’s holdings in Coca-Cola Europacific Partners were worth $27,319,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. SEB Asset Management AB acquired a new position in shares of Coca-Cola Europacific Partners during the 1st quarter valued at $6,759,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Coca-Cola Europacific Partners by 157.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 493,118 shares of the company’s stock valued at $44,715,000 after buying an additional 301,910 shares during the period. Hsbc Holdings PLC boosted its stake in Coca-Cola Europacific Partners by 47.0% during the first quarter. Hsbc Holdings PLC now owns 167,835 shares of the company’s stock valued at $15,203,000 after buying an additional 53,696 shares in the last quarter. Janus Henderson Group PLC bought a new position in Coca-Cola Europacific Partners during the first quarter valued at about $97,058,000. Finally, Bessemer Group Inc. grew its holdings in Coca-Cola Europacific Partners by 14.5% during the first quarter. Bessemer Group Inc. now owns 2,289,254 shares of the company’s stock worth $207,568,000 after acquiring an additional 289,080 shares during the period. 31.35% of the stock is currently owned by institutional investors.
Coca-Cola Europacific Partners Price Performance
Shares of NASDAQ CCEP opened at $105.76 on Friday. The company has a quick ratio of 0.68, a current ratio of 0.89 and a debt-to-equity ratio of 1.20. Coca-Cola Europacific Partners has a 12 month low of $84.65 and a 12 month high of $113.67. The business has a fifty day simple moving average of $106.97 and a 200-day simple moving average of $100.48.
Wall Street Analysts Forecast Growth
View Our Latest Stock Analysis on CCEP
About Coca-Cola Europacific Partners
Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.
The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.
Featured Stories
- Five stocks we like better than Coca-Cola Europacific Partners
- Revolution Medicines Got Its Breakthrough—What Moves It Next?
- Retail Earnings Just Exposed a Bigger Divide in the U.S. Consumer Economy
- FB Financial’s Southern Expansion and Buybacks Drive Analyst Optimism
- AST SpaceMobile Stock Soared 12%—This Was the Catalyst
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.
