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Deutsche Bank AG Sells 299,721 Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP)

Coca-Cola Europacific Partners logo with Consumer Staples background

Key Points

  • Deutsche Bank AG reduced its stake in Coca-Cola Europacific Partners by 17.7% in the first quarter, selling 299,721 shares and now owns approximately 1,389,481 shares worth $120.9 million.
  • Several institutional investors, including Bank of New York Mellon and Siemens Fonds Invest GmbH, have increased their positions in Coca-Cola Europacific Partners, indicating a mixed sentiment among investors.
  • Analyst ratings for Coca-Cola Europacific Partners show a consensus rating of "Hold", with price targets varying among firms, reflecting differing outlooks on the stock's performance.
  • Need Better Tools to Track Coca-Cola Europacific Partners? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Deutsche Bank AG reduced its position in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 17.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,389,481 shares of the company's stock after selling 299,721 shares during the quarter. Deutsche Bank AG owned approximately 0.30% of Coca-Cola Europacific Partners worth $120,927,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of New York Mellon Corp boosted its position in shares of Coca-Cola Europacific Partners by 2.2% during the first quarter. Bank of New York Mellon Corp now owns 657,071 shares of the company's stock worth $57,185,000 after acquiring an additional 13,981 shares during the last quarter. Siemens Fonds Invest GmbH boosted its position in shares of Coca-Cola Europacific Partners by 79.1% during the fourth quarter. Siemens Fonds Invest GmbH now owns 16,226 shares of the company's stock worth $1,246,000 after acquiring an additional 7,165 shares during the last quarter. China Universal Asset Management Co. Ltd. boosted its position in shares of Coca-Cola Europacific Partners by 52.0% during the first quarter. China Universal Asset Management Co. Ltd. now owns 11,385 shares of the company's stock worth $991,000 after acquiring an additional 3,893 shares during the last quarter. Cetera Investment Advisers boosted its position in shares of Coca-Cola Europacific Partners by 12.3% during the fourth 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 during the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of Coca-Cola Europacific Partners by 3.1% during the first quarter. Bessemer Group Inc. now owns 20,141 shares of the company's stock worth $1,753,000 after acquiring an additional 605 shares during the last quarter. Institutional investors own 31.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on CCEP shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Coca-Cola Europacific Partners in a research report on Friday. Morgan Stanley downgraded shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research note on Thursday. 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. Barclays decreased their price target on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating on the stock in a research note on Friday. Finally, UBS Group upped their price target on shares of 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. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $90.43.

View Our Latest Research Report on CCEP

Coca-Cola Europacific Partners Trading Up 1.7%

Shares of CCEP opened at $94.76 on Friday. Coca-Cola Europacific Partners has a twelve month low of $72.50 and a twelve month high of $100.67. The company has a market cap of $43.68 billion, a P/E ratio of 19.50, a P/E/G ratio of 2.48 and a beta of 0.75. The company has a current ratio of 0.83, a quick ratio of 0.62 and a debt-to-equity ratio of 1.15. The company's fifty day simple moving average is $94.78 and its 200-day simple moving average is $88.79.

About Coca-Cola Europacific Partners

(Free Report)

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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Institutional Ownership by Quarter for Coca-Cola Europacific Partners (NASDAQ:CCEP)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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