Campbell & CO Investment Adviser LLC Makes New $2.84 Million Investment in Coca-Cola Europacific Partners $CCEP

Key Points

• Campbell & CO Investment Adviser LLC has acquired a new stake in Coca-Cola Europacific Partners, purchasing 32,601 shares valued at approximately $2.84 million.
• Several prominent investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., have significantly increased their stakes in Coca-Cola Europacific Partners during the 1st quarter, indicating strong institutional interest.
• The average rating for Coca-Cola Europacific Partners is currently a "Moderate Buy", with price targets ranging from $90.43 to $105.00 according to various brokerages.

Campbell & CO Investment Adviser LLC purchased a new stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 32,601 shares of the company's stock, valued at approximately $2,837,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Assetmark Inc. increased its position in shares of Coca-Cola Europacific Partners by 107.3% during the 1st quarter. Assetmark Inc. now owns 284 shares of the company's stock valued at $25,000 after purchasing an additional 147 shares during the last quarter. NBC Securities Inc. purchased a new stake in shares of Coca-Cola Europacific Partners during the 1st quarter valued at about $28,000. Optiver Holding B.V. purchased a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter valued at about $29,000. Cullen Frost Bankers Inc. increased its position in shares of Coca-Cola Europacific Partners by 204.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company's stock valued at $32,000 after purchasing an additional 245 shares during the last quarter. Finally, HM Payson & Co. purchased a new stake in shares of Coca-Cola Europacific Partners during the 1st quarter valued at about $33,000. Hedge funds and other institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock traded down $0.75 during midday trading on Wednesday, hitting $88.53. The stock had a trading volume of 1,673,645 shares, compared to its average volume of 1,975,608. The firm's fifty day moving average is $94.43 and its two-hundred day moving average is $89.85. The company has a market capitalization of $40.81 billion, a PE ratio of 18.22, a P/E/G ratio of 2.59 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 current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15.

Analyst Upgrades and Downgrades

CCEP has been the subject of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. Morgan Stanley lowered shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research report on Thursday, August 7th. Wall Street Zen lowered shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. UBS Group increased their target price on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Finally, Barclays reduced their target price on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating for the company in a report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $90.43.

Coca-Cola Europacific Partners 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.