Axiom Investors LLC DE Raises Stock Position in Coca-Cola Europacific Partners $CCEP

Key Points

• Axiom Investors LLC DE increased its stake in Coca-Cola Europacific Partners (CCEP) by 48.5%, acquiring an additional 54,350 shares and bringing its total to 166,475 shares valued at approximately $14.5 million.
• Vanguard Group Inc. significantly boosted its holdings in CCEP by 462.7%, acquiring over 8 million shares, which now represent a value of around $862 million.
• Analysts have mixed views on CCEP, with some upgrading its rating to "buy" while others have downgraded it, resulting in an average price target of approximately $90.43.

Axiom Investors LLC DE increased its position in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 48.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. lifted its holdings in Coca-Cola Europacific Partners by 107.3% during the first quarter. Assetmark Inc. now owns 284 shares of the company's stock valued at $25,000 after purchasing an additional 147 shares in the last quarter. NBC Securities Inc. bought a new stake in shares of Coca-Cola Europacific Partners during the 1st quarter valued at $28,000. Cullen Frost Bankers Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 204.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company's stock valued at $32,000 after buying an additional 245 shares in the last quarter. Optiver Holding B.V. purchased a new position in shares of Coca-Cola Europacific Partners during the 4th quarter valued at $29,000. Finally, HM Payson & Co. bought a new position in Coca-Cola Europacific Partners in the 1st quarter worth $33,000. Institutional investors own 31.35% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have commented on CCEP. Morgan Stanley cut Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a report on Thursday, August 7th. UBS Group lifted their target price on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a research note 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. Barclays cut 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 report on Friday, August 8th. Finally, Wall Street Zen downgraded shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. One 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 stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $90.43.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock traded down $0.37 during midday trading on Tuesday, reaching $89.28. 3,003,414 shares of the stock traded hands, compared to its average volume of 1,909,044. The stock has a market cap of $41.15 billion, a P/E ratio of 18.37, a PEG ratio of 2.60 and a beta of 0.75. The stock's fifty day moving average is $94.51 and its 200-day moving average is $89.86. 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 has a 12 month low of $73.40 and a 12 month high of $100.67.

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.