Axiom Investors LLC DE Purchases 54,350 Shares of Coca-Cola Europacific Partners $CCEP

Key Points

• Axiom Investors LLC DE increased its holdings in Coca-Cola Europacific Partners by 48.5%, acquiring 54,350 additional shares in the first quarter, bringing the total to 166,475 shares valued at approximately $14.5 million.
• Other notable institutional investors, including Vanguard Group Inc. and Goldman Sachs Group Inc., also increased their stakes, reflecting a broader interest among institutional investors in Coca-Cola Europacific Partners.
• Despite mixed ratings from analysts, with a consensus rating of "Moderate Buy", UBS Group has recently raised its price target for the stock from $100 to $105.

Axiom Investors LLC DE increased its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 48.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 166,475 shares of the company's stock after acquiring an additional 54,350 shares during the period. Axiom Investors LLC DE's holdings in Coca-Cola Europacific Partners were worth $14,488,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Assetmark Inc. boosted its position 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 in the last quarter. NBC Securities Inc. bought a new stake in shares of Coca-Cola Europacific Partners during the first quarter worth approximately $28,000. Cullen Frost Bankers Inc. raised its stake in shares of Coca-Cola Europacific Partners by 204.2% during the first 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 during the first quarter worth approximately $33,000. Finally, Motco raised its stake in shares of Coca-Cola Europacific Partners by 285.7% during the first 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 and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on the stock. Barclays dropped their price target 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. Morgan Stanley cut shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a report on Thursday, August 7th. Wall Street Zen cut shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Finally, UBS Group upped their price target on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $92.40.

Coca-Cola Europacific Partners Stock Down 0.4%

CCEP traded down $0.35 during trading hours on Friday, hitting $89.71. 1,128,912 shares of the company's stock were exchanged, compared to its average volume of 2,030,219. Coca-Cola Europacific Partners has a 1-year low of $73.40 and a 1-year high of $100.67. The stock's 50-day moving average is $93.40 and its two-hundred day moving average is $90.19. The stock has a market cap of $41.35 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.62 and a beta of 0.78. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15.

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.