Coca-Cola Europacific Partners $CCEP Stock Position Increased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 157.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 72,007 shares of the company's stock after buying an additional 44,000 shares during the period. Assenagon Asset Management S.A.'s holdings in Coca-Cola Europacific Partners were worth $7,324,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Annis Gardner Whiting Capital Advisors LLC lifted its position in shares of Coca-Cola Europacific Partners by 407.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the company's stock worth $32,000 after purchasing an additional 285 shares during the last quarter. Whipplewood Advisors LLC increased its position in Coca-Cola Europacific Partners by 1,537.5% in the 1st quarter. Whipplewood Advisors LLC now owns 393 shares of the company's stock worth $36,000 after buying an additional 369 shares during the period. Eastern Bank acquired a new position in shares of Coca-Cola Europacific Partners during the second quarter worth approximately $49,000. Axiom Investment Management LLC acquired a new position in shares of Coca-Cola Europacific Partners during the first quarter worth approximately $72,000. Finally, Ameritas Advisory Services LLC acquired a new position in shares of Coca-Cola Europacific Partners during the second quarter worth approximately $85,000. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Weiss Ratings raised Coca-Cola Europacific Partners from a "buy (a-)" rating to a "buy (a)" rating in a research report on Thursday, October 15th. UBS Group reaffirmed a "neutral" rating on shares of Coca-Cola Europacific Partners in a research report on Monday, October 5th. Wells Fargo & Company cut their target price on shares of Coca-Cola Europacific Partners from $120.00 to $115.00 and set an "overweight" rating for the company in a research note on Monday, October 5th. Sanford C. Bernstein reissued a "market perform" rating and issued a $106.00 price target on shares of Coca-Cola Europacific Partners in a report on Wednesday, August 5th. Finally, Barclays reduced their price target on shares of Coca-Cola Europacific Partners from $119.00 to $112.00 and set an "overweight" rating for the company in a report on Friday. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners has an average rating of "Moderate Buy" and an average price target of $107.11.

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock opened at $113.41 on Wednesday. Coca-Cola Europacific Partners has a 52-week low of $84.65 and a 52-week high of $113.67. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.89 and a quick ratio of 0.68. The company's fifty day moving average price is $105.27 and its two-hundred day moving average price is $101.30.

Coca-Cola Europacific Partners Profile

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Coca-Cola Europacific Partners plc NASDAQ: CCEP is a consumer beverage company and one of the world's largest Coca-Cola bottlers. The company manufactures, distributes and sells a broad portfolio of branded beverages, including Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Fuze Tea, Powerade, Monster Energy and Costa Coffee products, depending on the market.

CCEP serves customers across Europe and the Asia-Pacific region. Its territories include Great Britain, France, Germany, Spain, Portugal, Belgium, the Netherlands, Norway, Sweden and Iceland, as well as Australia, New Zealand, Indonesia, Papua New Guinea and several Pacific island markets.

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