Park Avenue Securities LLC Takes Position in Coca-Cola Europacific Partners $CCEP

Key Points

• Park Avenue Securities LLC acquired a new stake in Coca-Cola Europacific Partners, purchasing 6,411 shares valued at approximately $594,000 in the second quarter of the year.
• Several hedge funds have recently increased their positions in Coca-Cola Europacific Partners, indicating heightened interest from institutional investors.
• Coca-Cola Europacific Partners' stock currently has an average rating of "Moderate Buy" from analysts, with a consensus price target of $92.40.

Park Avenue Securities LLC purchased a new stake in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,411 shares of the company's stock, valued at approximately $594,000.

Several other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. boosted its position in Coca-Cola Europacific Partners by 107.3% during the first quarter. Assetmark Inc. now owns 284 shares of the company's stock worth $25,000 after purchasing an additional 147 shares in the last quarter. NBC Securities Inc. purchased a new stake in Coca-Cola Europacific Partners during the first quarter worth $28,000. Cullen Frost Bankers Inc. boosted its position in Coca-Cola Europacific Partners by 204.2% during the first quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company's stock worth $32,000 after purchasing an additional 245 shares in the last quarter. HM Payson & Co. purchased a new stake in Coca-Cola Europacific Partners during the first quarter worth $33,000. Finally, Motco boosted its position in Coca-Cola Europacific Partners by 285.7% during the first quarter. Motco now owns 405 shares of the company's stock worth $35,000 after purchasing an additional 300 shares in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

CCEP stock opened at $89.52 on Monday. Coca-Cola Europacific Partners has a 52-week low of $73.40 and a 52-week high of $100.67. The stock's fifty day simple moving average is $92.13 and its 200-day simple moving average is $90.62. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15. The stock has a market capitalization of $41.26 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 2.60 and a beta of 0.78.

Analyst Upgrades and Downgrades

CCEP has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. UBS Group boosted their target price on 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. Wall Street Zen cut Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Barclays lowered their target price 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, Morgan Stanley cut Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target 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.

Want to see what other hedge funds are holding CCEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.