20,485 Shares in Coca-Cola Europacific Partners (NASDAQ:CCEP) Acquired by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP has acquired a new position in Coca-Cola Europacific Partners, purchasing 20,485 shares valued at approximately $1.78 million during the 1st quarter.
• Institutional investors collectively own 31.35% of Coca-Cola Europacific Partners' stock, with substantial increases in stakes from firms like Norges Bank and Barclays PLC in recent months.
• The stock has seen a 52-week range between $71.49 and $100.67, currently trading around $98.16, amid varying analyst ratings and price targets.

GSA Capital Partners LLP bought a new position in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm bought 20,485 shares of the company's stock, valued at approximately $1,783,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Private Trust Co. NA increased its stake in shares of Coca-Cola Europacific Partners by 6.0% in the 1st quarter. Private Trust Co. NA now owns 2,022 shares of the company's stock worth $176,000 after acquiring an additional 115 shares during the last quarter. BKM Wealth Management LLC increased its position 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 purchasing an additional 124 shares during the last quarter. Assetmark Inc. increased its position 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 purchasing an additional 147 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Coca-Cola Europacific Partners by 0.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 53,142 shares of the company's stock valued at $4,087,000 after acquiring an additional 155 shares during the period. Finally, TD Private Client Wealth LLC boosted its holdings in Coca-Cola Europacific Partners by 1.7% during the 1st quarter. TD Private Client Wealth LLC now owns 13,379 shares of the company's stock valued at $1,164,000 after acquiring an additional 220 shares during the period. 31.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Wall Street Zen cut Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. UBS Group raised their target price on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Finally, Barclays restated an "overweight" rating and set a $104.00 target price (up from $101.00) on shares of Coca-Cola Europacific Partners in a report on Tuesday, July 15th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $90.57.

Coca-Cola Europacific Partners Stock Up 1.1%

CCEP stock traded up $1.09 during trading on Tuesday, hitting $99.25. 1,672,160 shares of the company's stock were exchanged, compared to its average volume of 1,602,631. The business has a 50-day moving average price of $93.75 and a two-hundred day moving average price of $87.69. The stock has a market capitalization of $45.75 billion, a price-to-earnings ratio of 20.42, a PEG ratio of 4.97 and a beta of 0.77. Coca-Cola Europacific Partners has a 52-week low of $71.49 and a 52-week high of $100.67. The company has a current ratio of 0.81, a quick ratio of 0.62 and a debt-to-equity ratio of 1.11.

Coca-Cola Europacific Partners Company 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.