Coca-Cola Europacific Partners $CCEP Shares Purchased by Amundi

Key Points

• Amundi increased its holdings in Coca-Cola Europacific Partners by 1.6%, owning over 3.1 million shares worth approximately $281 million after acquiring additional shares in the first quarter.
• Several hedge funds boosted their stakes in the company, including Vanguard Group, which raised its holdings by 462.7% during the same period, now owning nearly 10 million shares valued at $862 million.
• Wall Street analysts show mixed sentiments towards CCEP, with one analyst rating it as a Strong Buy while others have issued ratings ranging from Buy to Sell, reflecting an average rating of "Moderate Buy."

Amundi grew its position in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 1.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,128,598 shares of the company's stock after buying an additional 49,747 shares during the period. Amundi owned 0.68% of Coca-Cola Europacific Partners worth $281,009,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Federation des caisses Desjardins du Quebec boosted its stake in Coca-Cola Europacific Partners by 93.6% in the 1st quarter. Federation des caisses Desjardins du Quebec now owns 20,922 shares of the company's stock worth $1,821,000 after purchasing an additional 10,116 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Coca-Cola Europacific Partners in the 1st quarter worth approximately $10,931,000. Royal Bank of Canada boosted its stake in Coca-Cola Europacific Partners by 62.5% in the 1st quarter. Royal Bank of Canada now owns 1,409,071 shares of the company's stock worth $122,631,000 after purchasing an additional 542,173 shares in the last quarter. Quarry LP raised its position in Coca-Cola Europacific Partners by 115.8% during the 1st quarter. Quarry LP now owns 436 shares of the company's stock worth $38,000 after buying an additional 234 shares during the last quarter. Finally, Trexquant Investment LP purchased a new position in Coca-Cola Europacific Partners during the 1st quarter worth approximately $14,730,000. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Stock Up 1.4%

NASDAQ:CCEP traded up $1.23 during mid-day trading on Monday, hitting $90.11. The stock had a trading volume of 3,232,532 shares, compared to its average volume of 2,124,686. The company has a market capitalization of $41.54 billion, a PE ratio of 18.54, a PEG ratio of 2.58 and a beta of 0.78. 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. The stock has a 50-day simple moving average of $93.87 and a two-hundred day simple moving average of $90.14.

Analyst Upgrades and Downgrades

CCEP has been the subject of a number of recent research reports. UBS Group raised their price target on shares of 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. 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. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Barclays cut 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. Finally, Wall Street Zen lowered shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Coca-Cola Europacific Partners presently has an average 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.