Coca-Cola Europacific Partners (NASDAQ:CCEP) Shares Purchased by US Bancorp DE

Key Points

• US Bancorp DE increased its shareholding in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 14%, acquiring an additional 9,000 shares during the first quarter, bringing its total holdings to 73,501 shares worth approximately $6.4 million.
• The company’s stock is currently priced at $98.33, with a market capitalization of $45.33 billion, reflecting a 12-month low of $71.49 and a high of $100.67.
• Analysts have mixed ratings for CCEP, with one downgrade to "hold" from "buy," while UBS raised its target price to $105 and Barclays issued an "overweight" rating with a new target of $104.

US Bancorp DE increased its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 14.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,501 shares of the company's stock after purchasing an additional 9,000 shares during the period. US Bancorp DE's holdings in Coca-Cola Europacific Partners were worth $6,397,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the company. Assetmark Inc. raised 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 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 during the first quarter worth $28,000. Optiver Holding B.V. acquired a new position in shares of Coca-Cola Europacific Partners during the fourth quarter worth $29,000. Cullen Frost Bankers Inc. raised its stake 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 buying an additional 245 shares in the last quarter. Finally, HM Payson & Co. acquired a new position in shares of Coca-Cola Europacific Partners during the 1st quarter worth about $33,000. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Trading Up 1.4%

Shares of NASDAQ:CCEP traded up $1.33 during trading on Friday, reaching $94.55. 833,536 shares of the stock were exchanged, compared to its average volume of 2,154,049. Coca-Cola Europacific Partners has a 12-month low of $72.50 and a 12-month high of $100.67. The firm's 50-day moving average price is $94.73 and its 200 day moving average price is $88.59. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.62 and a current ratio of 0.81. The firm has a market cap of $43.58 billion, a price-to-earnings ratio of 19.46, a price-to-earnings-growth ratio of 2.39 and a beta of 0.75.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Morgan Stanley downgraded shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research report on Thursday. Barclays dropped their price objective on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating on the stock in a report on Friday. Wall Street Zen downgraded Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, UBS Group lifted their price target 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. One analyst has rated the stock with a sell rating, five have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Coca-Cola Europacific Partners currently has a consensus rating of "Hold" 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.