Coca-Cola Europacific Partners $CCEP Shares Purchased by Clark Capital Management Group Inc.

Key Points

• Clark Capital Management Group Inc. increased its stake in Coca-Cola Europacific Partners by 1.2% during Q1, now owning approximately 0.12% of the company, valued at $48.22 million.
• Several institutional investors have also recently increased their investments in Coca-Cola Europacific Partners, collectively owning 31.35% of the company's stock.
• Wall Street analysts have varied ratings on the stock, with a consensus rating of "Moderate Buy" and a price target of $90.43.

Clark Capital Management Group Inc. lifted its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 1.2% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 554,058 shares of the company's stock after acquiring an additional 6,560 shares during the period. Clark Capital Management Group Inc. owned 0.12% of Coca-Cola Europacific Partners worth $48,220,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Private Trust Co. NA lifted its stake in Coca-Cola Europacific Partners by 6.0% in the first quarter. Private Trust Co. NA now owns 2,022 shares of the company's stock valued at $176,000 after buying an additional 115 shares during the last quarter. BKM Wealth Management LLC lifted its stake in Coca-Cola Europacific Partners by 1.6% in the first quarter. BKM Wealth Management LLC now owns 7,834 shares of the company's stock valued at $682,000 after buying an additional 124 shares during the last quarter. Assetmark Inc. lifted its stake in Coca-Cola Europacific Partners by 107.3% in the first quarter. Assetmark Inc. now owns 284 shares of the company's stock valued at $25,000 after buying an additional 147 shares during the last quarter. RWA Wealth Partners LLC lifted its stake in Coca-Cola Europacific Partners by 0.3% in the first quarter. RWA Wealth Partners LLC now owns 53,905 shares of the company's stock valued at $4,691,000 after buying an additional 149 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. lifted its stake in Coca-Cola Europacific Partners by 2.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,177 shares of the company's stock valued at $538,000 after buying an additional 150 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP traded up $1.55 during trading hours on Tuesday, reaching $91.66. 2,143,646 shares of the company traded hands, compared to its average volume of 2,124,279. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $42.25 billion, a PE ratio of 18.89, a price-to-earnings-growth ratio of 2.58 and a beta of 0.78. Coca-Cola Europacific Partners has a fifty-two week low of $73.40 and a fifty-two week high of $100.67. The stock has a fifty day simple moving average of $93.82 and a 200 day simple moving average of $90.16.

Wall Street Analyst Weigh In

CCEP has been the topic of a number of recent research reports. Wall Street Zen lowered Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Barclays dropped their target price on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. UBS Group boosted their target price on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Finally, Morgan Stanley lowered Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a report on Thursday, August 7th. One equities 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 company's stock. According to MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of "Moderate Buy" and a consensus target price of $90.50.

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.