Coca-Cola Europacific Partners $CCEP Shares Acquired by Sienna Gestion

Key Points

• Sienna Gestion significantly increased its stake in Coca-Cola Europacific Partners by 443.5% in the first quarter, now holding 23,494 shares worth approximately $1.99 million.
• Multiple institutional investors, including Raymond James and Rockefeller Capital Management, have recently modified their positions in Coca-Cola Europacific Partners, which is now 31.35% owned by institutional investors and hedge funds.
• Analyst ratings for Coca-Cola Europacific Partners vary, with one rating a sell, five holding, four buying, and one giving a strong buy, resulting in a consensus rating of "Hold" and a target price of $90.43.

Sienna Gestion lifted its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 443.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 23,494 shares of the company's stock after acquiring an additional 19,171 shares during the quarter. Sienna Gestion's holdings in Coca-Cola Europacific Partners were worth $1,988,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in Coca-Cola Europacific Partners by 2.2% in the first quarter. Bank of New York Mellon Corp now owns 657,071 shares of the company's stock worth $57,185,000 after purchasing an additional 13,981 shares during the last quarter. Siemens Fonds Invest GmbH boosted its holdings in Coca-Cola Europacific Partners by 79.1% during the 4th quarter. Siemens Fonds Invest GmbH now owns 16,226 shares of the company's stock valued at $1,246,000 after acquiring an additional 7,165 shares during the period. China Universal Asset Management Co. Ltd. raised its position in Coca-Cola Europacific Partners by 52.0% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,385 shares of the company's stock valued at $991,000 after purchasing an additional 3,893 shares in the last quarter. Cetera Investment Advisers raised its position in shares of Coca-Cola Europacific Partners by 12.3% in the 4th quarter. Cetera Investment Advisers now owns 31,339 shares of the company's stock worth $2,407,000 after acquiring an additional 3,435 shares in the last quarter. Finally, Deutsche Bank AG increased its position in Coca-Cola Europacific Partners by 7.3% during the 4th quarter. Deutsche Bank AG now owns 1,689,202 shares of the company's stock valued at $129,748,000 after buying an additional 114,754 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Stock Up 2.3%

NASDAQ CCEP traded up $2.10 during trading hours on Wednesday, hitting $92.50. The company had a trading volume of 1,623,278 shares, compared to its average volume of 1,923,937. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. The firm's 50 day moving average is $94.73 and its 200 day moving average is $89.48. The company has a market capitalization of $42.64 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 2.62 and a beta of 0.75. Coca-Cola Europacific Partners has a fifty-two week low of $73.40 and a fifty-two week high of $100.67.

Analyst Ratings Changes

CCEP has been the topic of a number of recent research reports. Barclays lowered their target price on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Wall Street Zen cut Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Coca-Cola Europacific Partners in a research note on Friday, August 8th. Morgan Stanley lowered Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a report on Thursday, August 7th. Finally, UBS Group lifted their price target on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price 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.