Trexquant Investment LP Purchases Shares of 169,252 Coca-Cola Europacific Partners $CCEP

Key Points

• Trexquant Investment LP invested approximately $14.73 million in Coca-Cola Europacific Partners by purchasing 169,252 shares in the 1st quarter.
• Multiple hedge funds have also increased their stakes in Coca-Cola Europacific Partners, with increases in holdings reported by Assetmark Inc. and Cullen Frost Bankers Inc.
• Analyst ratings for Coca-Cola Europacific Partners are mixed, with ratings ranging from "Strong Buy" to "Sell," and a consensus rating of "Moderate Buy" with an average price target of $90.43.

Trexquant Investment LP purchased a new stake in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 169,252 shares of the company's stock, valued at approximately $14,730,000.

A number of other hedge funds have also recently made changes to their positions in the stock. 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 valued at $25,000 after acquiring an additional 147 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Coca-Cola Europacific Partners in the first quarter valued at approximately $28,000. Cullen Frost Bankers Inc. grew its holdings in Coca-Cola Europacific Partners by 204.2% in the first quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company's stock valued at $32,000 after purchasing an additional 245 shares during the period. HM Payson & Co. purchased a new stake in Coca-Cola Europacific Partners during the first quarter worth approximately $33,000. Finally, Motco raised its holdings in Coca-Cola Europacific Partners by 285.7% in the first quarter. Motco now owns 405 shares of the company's stock valued at $35,000 after acquiring an additional 300 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Down 1.6%

CCEP stock traded down $1.44 during midday trading on Tuesday, reaching $87.42. 1,936,161 shares of the company traded hands, compared to its average volume of 2,122,702. The firm has a market capitalization of $40.30 billion, a price-to-earnings ratio of 17.98, a P/E/G ratio of 2.58 and a beta of 0.78. The business has a 50 day moving average of $94.19 and a 200-day moving average of $90.10. Coca-Cola Europacific Partners has a 52-week low of $73.40 and a 52-week high of $100.67. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83.

Analysts Set New Price Targets

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

Coca-Cola Europacific Partners 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.