Lbp Am Sa Sells 18,265 Shares of Coca-Cola Europacific Partners $CCEP

Key Points

• Lbp Am Sa reduced its stake in Coca-Cola Europacific Partners by 21.9%, selling 18,265 shares, leaving them with 65,179 shares valued at approximately $6,043,000.
• Institutional investors currently own 31.35% of Coca-Cola Europacific Partners, with several hedge funds, including Vanguard and Goldman Sachs, significantly increasing their stakes.
• Wall Street analysts have mixed ratings on the stock, with an overall consensus rating of "Moderate Buy" and an average price target of $92.40.

Lbp Am Sa cut its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 21.9% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 65,179 shares of the company's stock after selling 18,265 shares during the quarter. Lbp Am Sa's holdings in Coca-Cola Europacific Partners were worth $6,043,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Invesco Ltd. grew its stake in shares of Coca-Cola Europacific Partners by 2.1% during the 1st quarter. Invesco Ltd. now owns 10,335,894 shares of the company's stock valued at $899,533,000 after acquiring an additional 215,966 shares during the period. Vanguard Group Inc. grew its stake in shares of Coca-Cola Europacific Partners by 462.7% during the 1st quarter. Vanguard Group Inc. now owns 9,883,600 shares of the company's stock valued at $862,167,000 after acquiring an additional 8,126,996 shares during the period. Goldman Sachs Group Inc. grew its stake in shares of Coca-Cola Europacific Partners by 24.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,205,337 shares of the company's stock valued at $540,050,000 after acquiring an additional 1,214,493 shares during the period. Amundi grew its stake in shares of Coca-Cola Europacific Partners by 1.6% during the 1st quarter. Amundi now owns 3,128,598 shares of the company's stock valued at $281,009,000 after acquiring an additional 49,747 shares during the period. Finally, JPMorgan Chase & Co. grew its stake in shares of Coca-Cola Europacific Partners by 4.9% during the 1st quarter. JPMorgan Chase & Co. now owns 3,030,119 shares of the company's stock valued at $263,711,000 after acquiring an additional 142,019 shares during the period. 31.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Morgan Stanley cut Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a report on Thursday, August 7th. UBS Group boosted their price target on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Barclays lowered their price target on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. Finally, Wall Street Zen cut Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of "Moderate Buy" and an average target price of $92.40.

Coca-Cola Europacific Partners Stock Down 0.4%

Shares of CCEP opened at $90.02 on Thursday. The stock has a market capitalization of $41.49 billion, a price-to-earnings ratio of 18.52, a price-to-earnings-growth ratio of 2.55 and a beta of 0.76. Coca-Cola Europacific Partners has a 1 year low of $73.40 and a 1 year high of $100.67. The business's 50 day simple moving average is $91.60 and its 200-day simple moving average is $90.66. 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 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.

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