Aberdeen Group plc Acquires 16,951 Shares of Coca-Cola Europacific Partners $CCEP

Key Points

• Aberdeen Group plc increased its stake in Coca-Cola Europacific Partners by 79.7%, owning a total of 38,212 shares valued at approximately $3.5 million.
• Coca-Cola Europacific Partners' stock has a market capitalization of $41.15 billion and recently opened at $89.28 with a twelve-month high of $100.67.
• Equities analysts have provided mixed ratings on the stock, with a consensus target price of $92.40 and several analysts adjusting their ratings and price objectives in recent months.

Aberdeen Group plc grew its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 79.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,212 shares of the company's stock after buying an additional 16,951 shares during the period. Aberdeen Group plc's holdings in Coca-Cola Europacific Partners were worth $3,507,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in CCEP. Wealth Enhancement Advisory Services LLC increased its position in Coca-Cola Europacific Partners by 2.4% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 46,688 shares of the company's stock worth $4,063,000 after buying an additional 1,097 shares during the period. QRG Capital Management Inc. acquired a new stake in shares of Coca-Cola Europacific Partners during the first quarter valued at about $281,000. Guided Capital Wealth Management LLC acquired a new stake in shares of Coca-Cola Europacific Partners during the first quarter valued at about $209,000. Retirement Systems of Alabama acquired a new stake in shares of Coca-Cola Europacific Partners during the first quarter valued at about $5,988,000. Finally, Genesee Capital Advisors LLC boosted its stake 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 valued at $952,000 after purchasing an additional 931 shares in the last quarter. Institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP opened at $89.28 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15. Coca-Cola Europacific Partners has a twelve month low of $73.40 and a twelve month high of $100.67. The stock's 50 day moving average is $89.56 and its 200-day moving average is $90.87. The firm has a market capitalization of $41.15 billion, a price-to-earnings ratio of 18.37, a PEG ratio of 2.54 and a beta of 0.77.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Morgan Stanley lowered Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research note on Thursday, August 7th. Barclays cut their price objective on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating on the stock 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. UBS Group lifted their price objective on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Coca-Cola Europacific Partners in a research note on Friday, August 8th. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price of $92.40.

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.

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