Cyndeo Wealth Partners LLC Has $13.14 Million Stake in Coca-Cola Europacific Partners $CCEP

Key Points

• Cyndeo Wealth Partners LLC increased its stake in Coca-Cola Europacific Partners by 2.2%, owning 141,704 shares valued at approximately $13.14 million as of the latest reporting period.
• Institutional investors and hedge funds currently own 31.35% of Coca-Cola Europacific Partners stock, indicating significant interest from larger financial entities.
• Recent analyst ratings show a mix of outlooks, with five analysts rating the stock as a Buy, three as Hold, and one as Sell, reflecting varied expectations for its future performance.

Cyndeo Wealth Partners LLC lifted its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 2.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 141,704 shares of the company's stock after purchasing an additional 3,075 shares during the period. Cyndeo Wealth Partners LLC's holdings in Coca-Cola Europacific Partners were worth $13,139,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CCEP. GAMMA Investing LLC lifted its holdings in Coca-Cola Europacific Partners by 8,438.0% in the first quarter. GAMMA Investing LLC now owns 44,995 shares of the company's stock valued at $3,916,000 after buying an additional 44,468 shares during the period. NBC Securities Inc. acquired a new position in Coca-Cola Europacific Partners in the first quarter valued at approximately $28,000. Merit Financial Group LLC acquired a new position in Coca-Cola Europacific Partners in the first quarter valued at approximately $206,000. Handelsbanken Fonder AB lifted its holdings in Coca-Cola Europacific Partners by 13.7% in the first quarter. Handelsbanken Fonder AB now owns 152,980 shares of the company's stock valued at $13,314,000 after buying an additional 18,492 shares during the period. Finally, Redhawk Wealth Advisors Inc. lifted its holdings in Coca-Cola Europacific Partners by 82.0% in the first quarter. Redhawk Wealth Advisors Inc. now owns 11,687 shares of the company's stock valued at $1,017,000 after buying an additional 5,264 shares during the period. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Trading Up 0.5%

CCEP opened at $87.63 on Friday. The firm's fifty day moving average is $90.25 and its two-hundred day moving average is $90.77. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83. The firm has a market cap of $40.39 billion, a PE ratio of 18.03, a price-to-earnings-growth ratio of 2.45 and a beta of 0.77. Coca-Cola Europacific Partners has a twelve month low of $73.40 and a twelve month high of $100.67.

Analyst Ratings Changes

Several brokerages recently weighed in on CCEP. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Morgan Stanley lowered shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a report on Thursday, August 7th. UBS Group increased their price objective 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. Wall Street Zen lowered shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Barclays cut their target price on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $92.40.

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.

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