Coca-Cola Europacific Partners $CCEP Shares Acquired by Federation des caisses Desjardins du Quebec

Key Points

• The Federation des caisses Desjardins du Quebec increased its holdings in Coca-Cola Europacific Partners by 93.6%, acquiring an additional 10,116 shares during the first quarter, resulting in a total of 20,922 shares worth approximately $1.82 million.
• Hedge funds and institutional investors collectively own 31.35% of Coca-Cola Europacific Partners, demonstrating significant interest from large investors in the company.
• Analysts have mixed ratings for Coca-Cola Europacific Partners, with one Strong Buy, four Buy, four Hold, and one Sell rating, and an average price target of $90.43.

Federation des caisses Desjardins du Quebec grew its position in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 93.6% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 20,922 shares of the company's stock after purchasing an additional 10,116 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in Coca-Cola Europacific Partners were worth $1,821,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Private Trust Co. NA increased its holdings in shares of Coca-Cola Europacific Partners by 6.0% during the 1st quarter. Private Trust Co. NA now owns 2,022 shares of the company's stock worth $176,000 after buying an additional 115 shares during the last quarter. BKM Wealth Management LLC increased its holdings in shares of Coca-Cola Europacific Partners by 1.6% during the 1st quarter. BKM Wealth Management LLC now owns 7,834 shares of the company's stock worth $682,000 after buying an additional 124 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Coca-Cola Europacific Partners by 107.3% during the 1st quarter. Assetmark Inc. now owns 284 shares of the company's stock worth $25,000 after buying an additional 147 shares during the last quarter. RWA Wealth Partners LLC increased its holdings in shares of Coca-Cola Europacific Partners by 0.3% during the 1st quarter. RWA Wealth Partners LLC now owns 53,905 shares of the company's stock worth $4,691,000 after buying an additional 149 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its holdings in shares of Coca-Cola Europacific Partners by 2.5% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,177 shares of the company's stock worth $538,000 after buying an additional 150 shares during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ:CCEP traded up $1.29 on Thursday, reaching $90.11. The company's stock had a trading volume of 766,357 shares, compared to its average volume of 2,146,030. The stock's 50-day moving average is $93.69 and its two-hundred day moving average is $90.16. Coca-Cola Europacific Partners has a 52-week low of $73.40 and a 52-week high of $100.67. 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 stock has a market capitalization of $41.53 billion, a P/E ratio of 18.54, a PEG ratio of 2.66 and a beta of 0.78.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. 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. Barclays lowered 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 research report on Friday, August 8th. UBS Group increased their price objective on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Morgan Stanley cut shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $92.40.

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.