Groupe la Francaise Buys Shares of 60,311 Coca-Cola Europacific Partners $CCEP

Key Points

• Groupe la Francaise acquired 60,311 shares of Coca-Cola Europacific Partners valued at approximately $5.19 million during the first quarter.
• Coca-Cola Europacific Partners experienced a rating downgrade from Morgan Stanley and Wall Street Zen, while UBS Group raised its price target, indicating mixed analyst sentiments.
• Institutional investors collectively own 31.35% of Coca-Cola Europacific Partners, showcasing significant interest from larger financial entities in the company's stock.

Groupe la Francaise bought a new position in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 60,311 shares of the company's stock, valued at approximately $5,194,000.

A number of other large investors also recently modified their holdings of CCEP. Assetmark Inc. lifted its holdings in shares of Coca-Cola Europacific Partners by 107.3% during the first quarter. Assetmark Inc. now owns 284 shares of the company's stock worth $25,000 after buying an additional 147 shares during the last quarter. NBC Securities Inc. acquired a new position in shares of Coca-Cola Europacific Partners during the first quarter worth approximately $28,000. Optiver Holding B.V. acquired a new position in shares of Coca-Cola Europacific Partners during the fourth quarter worth approximately $29,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Coca-Cola Europacific Partners by 204.2% during the first quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company's stock worth $32,000 after buying an additional 245 shares during the last quarter. Finally, HM Payson & Co. acquired a new position in shares of Coca-Cola Europacific Partners during the first quarter worth approximately $33,000. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Trading Down 0.8%

CCEP traded down $0.75 during mid-day trading on Wednesday, reaching $88.53. The stock had a trading volume of 1,673,645 shares, compared to its average volume of 2,132,129. The stock has a market capitalization of $40.81 billion, a P/E ratio of 18.22, a P/E/G ratio of 2.60 and a beta of 0.75. 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. The firm's fifty day simple moving average is $94.51 and its two-hundred day simple moving average is $89.86.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. UBS Group upped their target price on 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. Barclays cut their target price on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Wall Street Zen lowered Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, Morgan Stanley lowered Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $90.43.

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.