Caisse DE Depot ET Placement DU Quebec Boosts Stock Holdings in Coca-Cola Europacific Partners $CCEP

Key Points

• Caisse DE Depot ET Placement DU Quebec increased its stake in Coca-Cola Europacific Partners by 45.7%, holding 29,433 shares worth approximately $2.56 million.
• Institutional investors own 31.35% of Coca-Cola Europacific Partners, with several large firms significantly boosting their positions during the first quarter of the year.
• Coca-Cola Europacific Partners has a market cap of $40.95 billion and a current share price around $88.83, with recent analyst ratings ranging from "Strong Buy" to "Sell."

Caisse DE Depot ET Placement DU Quebec raised its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 45.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 29,433 shares of the company's stock after buying an additional 9,233 shares during the quarter. Caisse DE Depot ET Placement DU Quebec's holdings in Coca-Cola Europacific Partners were worth $2,562,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CCEP. Assetmark Inc. grew its position in shares of Coca-Cola Europacific Partners by 107.3% in the 1st 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. bought a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter worth approximately $28,000. Cullen Frost Bankers Inc. grew its position in shares of Coca-Cola Europacific Partners by 204.2% in the 1st 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. HM Payson & Co. bought a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter worth approximately $33,000. Finally, Motco grew its position in shares of Coca-Cola Europacific Partners by 285.7% in the 1st quarter. Motco now owns 405 shares of the company's stock worth $35,000 after buying an additional 300 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Stock Down 1.9%

Shares of CCEP traded down $1.65 during mid-day trading on Tuesday, reaching $87.21. The company had a trading volume of 1,725,403 shares, compared to its average volume of 2,121,555. 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 has a 50-day moving average price of $94.19 and a 200 day moving average price of $90.10. Coca-Cola Europacific Partners has a 52 week low of $73.40 and a 52 week high of $100.67. The company has a market capitalization of $40.20 billion, a price-to-earnings ratio of 17.95, a price-to-earnings-growth ratio of 2.58 and a beta of 0.78.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CCEP shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. UBS Group increased their target price on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Barclays decreased 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 report on Friday, August 8th. Wall Street Zen lowered Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, Morgan Stanley lowered Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research report on Thursday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of "Moderate Buy" and an average target price 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.