Goldman Sachs Group Inc. boosted its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 24.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,205,337 shares of the company's stock after purchasing an additional 1,214,493 shares during the period. Goldman Sachs Group Inc. owned about 1.35% of Coca-Cola Europacific Partners worth $540,050,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCEP. Assetmark Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 107.3% in the first 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. NBC Securities Inc. purchased a new position in shares of Coca-Cola Europacific Partners in the first quarter worth $28,000. Optiver Holding B.V. purchased a new position in shares of Coca-Cola Europacific Partners in the fourth quarter worth $29,000. Cullen Frost Bankers Inc. lifted its holdings in shares of Coca-Cola Europacific Partners by 204.2% in the first quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company's stock worth $32,000 after buying an additional 245 shares in the last quarter. Finally, HM Payson & Co. purchased a new position in shares of Coca-Cola Europacific Partners in the first quarter worth $33,000. Institutional investors own 31.35% of the company's stock.
Coca-Cola Europacific Partners Trading Down 0.2%
Shares of CCEP stock traded down $0.18 during trading hours on Monday, reaching $94.58. 369,818 shares of the stock were exchanged, compared to its average volume of 2,146,535. The company's 50-day moving average price is $94.78 and its 200-day moving average price is $88.88. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $43.59 billion, a price-to-earnings ratio of 19.45, a price-to-earnings-growth ratio of 2.49 and a beta of 0.75. Coca-Cola Europacific Partners has a 12-month low of $72.97 and a 12-month high of $100.67.
Analysts Set New Price Targets
Several equities research analysts recently weighed in on CCEP shares. Barclays reduced 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 report on Friday. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Coca-Cola Europacific Partners in a research report on Friday. Wall Street Zen cut shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Morgan Stanley cut shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research report on Thursday. Finally, UBS Group boosted their price target 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. One research analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $90.43.
Check Out Our Latest Analysis on CCEP
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.
Recommended Stories

Before you consider Coca-Cola Europacific Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coca-Cola Europacific Partners wasn't on the list.
While Coca-Cola Europacific Partners currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.