United Services Automobile Association Makes New $605,000 Investment in Coca-Cola Europacific Partners $CCEP

Key Points

• United Services Automobile Association acquired 7,016 shares of Coca-Cola Europacific Partners, valuing approximately $605,000, marking a new investment position during the first quarter.
• Multiple institutional investors, including Assetmark Inc. and Cullen Frost Bankers Inc., have significantly increased their holdings in Coca-Cola Europacific Partners, indicating a growing interest in the stock.
• Coca-Cola Europacific Partners' stock has seen a 1.5% increase, with analysts providing mixed ratings but a consensus target price of $92.40, reflecting ongoing interest in the company's future performance.

United Services Automobile Association purchased a new position in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 7,016 shares of the company's stock, valued at approximately $605,000.

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

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. 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. Morgan Stanley cut shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a report on Thursday, August 7th. Barclays reduced their price objective on shares of 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. Finally, UBS Group lifted their price objective on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $92.40.

Coca-Cola Europacific Partners Stock Down 0.5%

Coca-Cola Europacific Partners stock traded down $0.48 during midday trading on Monday, hitting $89.23. 409,710 shares of the stock were exchanged, compared to its average volume of 2,134,356. Coca-Cola Europacific Partners has a 52-week low of $73.40 and a 52-week high of $100.67. The stock has a market capitalization of $41.13 billion, a price-to-earnings ratio of 18.29, a price-to-earnings-growth ratio of 2.60 and a beta of 0.78. The business's 50-day moving average price is $93.40 and its 200-day moving average price is $90.25. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15.

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.