Coca-Cola Europacific Partners $CCEP Shares Acquired by 111 Capital

Key Points

• 111 Capital increased its stake in Coca-Cola Europacific Partners by 25.4% in the second quarter, now holding 29,119 shares valued at approximately $2.69 million.
• Several hedge funds, including GAMMA Investing LLC and Merit Financial Group LLC, significantly boosted their holdings in Coca-Cola Europacific Partners, reflecting growing institutional interest in the stock.
• Analysts have mixed ratings for Coca-Cola Europacific Partners, with an average rating of "Hold" and a target price of $92.40, indicating a cautious outlook on the stock's performance.

111 Capital increased its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 25.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 29,119 shares of the company's stock after buying an additional 5,889 shares during the period. 111 Capital's holdings in Coca-Cola Europacific Partners were worth $2,687,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CCEP. GAMMA Investing LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 8,438.0% in the 1st quarter. GAMMA Investing LLC now owns 44,995 shares of the company's stock valued at $3,916,000 after buying an additional 44,468 shares during the period. NBC Securities Inc. acquired a new position in shares of Coca-Cola Europacific Partners in the 1st quarter valued at about $28,000. Merit Financial Group LLC acquired a new position in shares of Coca-Cola Europacific Partners in the 1st quarter valued at about $206,000. Hennion & Walsh Asset Management Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 3.0% in the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 15,974 shares of the company's stock valued at $1,390,000 after buying an additional 466 shares during the period. Finally, Princeton Global Asset Management LLC acquired a new position in shares of Coca-Cola Europacific Partners in the 1st quarter valued at about $8,132,000. 31.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on CCEP. Weiss Ratings reissued a "buy (b+)" rating on shares of Coca-Cola Europacific Partners in a research note on Saturday, September 27th. Morgan Stanley lowered shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research note on Thursday, August 7th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola Europacific Partners in a research note on Friday, August 8th. 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 research note on Friday, August 8th. Finally, Wall Street Zen lowered shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Five research 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's stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners has an average rating of "Hold" and an average price target of $92.40.

Coca-Cola Europacific Partners Trading Down 0.1%

Shares of NASDAQ:CCEP opened at $87.77 on Friday. The company has a 50 day moving average of $91.11 and a 200-day moving average of $90.70. The firm has a market cap of $40.46 billion, a P/E ratio of 18.06, a P/E/G ratio of 2.47 and a beta of 0.76. Coca-Cola Europacific Partners has a twelve month low of $73.40 and a twelve 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.

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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