Jump Financial LLC Buys 18,026 Shares of Coca-Cola Europacific Partners $CCEP

Key Points

• Jump Financial LLC significantly increased its stake in Coca-Cola Europacific Partners by 503.4% in Q1, acquiring 21,607 shares valued at approximately $1.88 million.
• Other institutional investors have also bolstered their positions in Coca-Cola Europacific Partners, with hedge funds owning 31.35% of the stock.
• Recent analyst ratings for Coca-Cola Europacific Partners include a mix of "buy," "hold," and "sell," with an average rating of "Moderate Buy" and a consensus price target of $90.43.

Jump Financial LLC grew its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 503.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,607 shares of the company's stock after purchasing an additional 18,026 shares during the quarter. Jump Financial LLC's holdings in Coca-Cola Europacific Partners were worth $1,880,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Invesco Ltd. grew its stake in shares of Coca-Cola Europacific Partners by 2.1% in the first quarter. Invesco Ltd. now owns 10,335,894 shares of the company's stock worth $899,533,000 after purchasing an additional 215,966 shares during the last quarter. Vanguard Group Inc. boosted its stake in Coca-Cola Europacific Partners by 462.7% during the first quarter. Vanguard Group Inc. now owns 9,883,600 shares of the company's stock worth $862,167,000 after acquiring an additional 8,126,996 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Coca-Cola Europacific Partners by 24.3% during the first quarter. Goldman Sachs Group Inc. now owns 6,205,337 shares of the company's stock valued at $540,050,000 after purchasing an additional 1,214,493 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Coca-Cola Europacific Partners by 4.9% in the 1st quarter. JPMorgan Chase & Co. now owns 3,030,119 shares of the company's stock worth $263,711,000 after purchasing an additional 142,019 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Coca-Cola Europacific Partners by 1.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,476,806 shares of the company's stock valued at $190,243,000 after buying an additional 38,911 shares in the last quarter. Institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP traded up $0.03 during trading hours on Monday, hitting $88.86. The stock had a trading volume of 1,581,790 shares, compared to its average volume of 1,974,300. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. Coca-Cola Europacific Partners has a 12 month low of $73.40 and a 12 month high of $100.67. The firm has a market capitalization of $40.96 billion, a PE ratio of 18.28, a PEG ratio of 2.58 and a beta of 0.78. The stock has a fifty day moving average price of $94.27 and a 200 day moving average price of $90.07.

Wall Street Analyst Weigh In

CCEP has been the subject of several analyst reports. Barclays reduced their price target on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Wall Street Zen lowered shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. UBS Group raised 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 report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. Finally, Morgan Stanley cut Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of "Moderate Buy" and a consensus price target of $90.43.

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.