Coca-Cola Europacific Partners $CCEP Shares Purchased by Axiom Investors LLC DE

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 position 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 Securities and Exchange Commission. The fund owned 166,475 shares of the company's stock after acquiring an additional 54,350 shares during the quarter. Axiom Investors LLC DE's holdings in Coca-Cola Europacific Partners were worth $14,488,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Invesco Ltd. lifted its position in Coca-Cola Europacific Partners by 2.1% in the first quarter. Invesco Ltd. now owns 10,335,894 shares of the company's stock valued at $899,533,000 after buying an additional 215,966 shares during the last quarter. Vanguard Group Inc. grew its position in Coca-Cola Europacific Partners by 462.7% in the 1st quarter. Vanguard Group Inc. now owns 9,883,600 shares of the company's stock valued at $862,167,000 after buying an additional 8,126,996 shares during the last quarter. Goldman Sachs Group Inc. grew its position in Coca-Cola Europacific Partners by 24.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,205,337 shares of the company's stock valued at $540,050,000 after buying an additional 1,214,493 shares during the last quarter. Amundi grew its position in Coca-Cola Europacific Partners by 1.6% in the 1st quarter. Amundi now owns 3,128,598 shares of the company's stock valued at $281,009,000 after buying an additional 49,747 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in Coca-Cola Europacific Partners by 4.9% in the 1st quarter. JPMorgan Chase & Co. now owns 3,030,119 shares of the company's stock valued at $263,711,000 after buying an additional 142,019 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Up 1.7%

CCEP stock opened at $88.88 on Monday. The company has a market capitalization of $40.97 billion, a P/E ratio of 18.29, a PEG ratio of 2.58 and a beta of 0.78. The firm has a 50 day simple moving average of $93.87 and a 200-day simple moving average of $90.14. 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 has a twelve month low of $73.40 and a twelve month high of $100.67.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the stock. UBS Group boosted 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 research report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola Europacific Partners in a research note on Friday, August 8th. Morgan Stanley downgraded shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research note on Thursday, August 7th. Wall Street Zen downgraded shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, Barclays dropped their price objective 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. One 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 given a Sell rating to the company. According to MarketBeat.com, the company currently 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.

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