Aperture Investors LLC Reduces Holdings in Coca-Cola Europacific Partners $CCEP

Key Points

• Aperture Investors LLC reduced its holdings in Coca-Cola Europacific Partners by 28.5%, selling 16,160 shares, bringing their total to 40,606 shares valued at approximately $3.53 million.
• Several other institutional investors, including Invesco Ltd. and Vanguard Group Inc., made significant increases to their positions in Coca-Cola Europacific Partners during the first quarter.
• Coca-Cola Europacific Partners has a current price target consensus of $90.43, with ratings varying from "Strong Buy" to "Sell" among research analysts.

Aperture Investors LLC lessened its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 28.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 40,606 shares of the company's stock after selling 16,160 shares during the period. Aperture Investors LLC's holdings in Coca-Cola Europacific Partners were worth $3,534,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Invesco Ltd. lifted its position in shares of Coca-Cola Europacific Partners by 2.1% during the 1st quarter. Invesco Ltd. now owns 10,335,894 shares of the company's stock valued at $899,533,000 after buying an additional 215,966 shares during the last quarter. Vanguard Group Inc. lifted its position in shares of Coca-Cola Europacific Partners by 462.7% during the 1st quarter. Vanguard Group Inc. now owns 9,883,600 shares of the company's stock valued at $862,167,000 after buying an additional 8,126,996 shares during the last quarter. Goldman Sachs Group Inc. lifted its position in shares of Coca-Cola Europacific Partners by 24.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,205,337 shares of the company's stock valued at $540,050,000 after buying an additional 1,214,493 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of Coca-Cola Europacific Partners by 4.9% during the 1st quarter. JPMorgan Chase & Co. now owns 3,030,119 shares of the company's stock valued at $263,711,000 after purchasing an additional 142,019 shares during the period. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Coca-Cola Europacific Partners by 1.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,476,806 shares of the company's stock valued at $190,243,000 after purchasing an additional 38,911 shares during the period. Hedge funds and other institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Up 0.3%

Shares of NASDAQ CCEP opened at $88.83 on Friday. Coca-Cola Europacific Partners has a 12 month low of $73.40 and a 12 month high of $100.67. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $40.95 billion, a price-to-earnings ratio of 18.28, a PEG ratio of 2.57 and a beta of 0.75. The business has a 50-day moving average of $94.35 and a 200-day moving average of $89.91.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CCEP. Wall Street Zen lowered Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Barclays decreased 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. UBS Group boosted their price objective 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. Morgan Stanley lowered Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research note on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Coca-Cola Europacific Partners in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.43.

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.

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