Vanguard Personalized Indexing Management LLC Buys 3,730 Shares of Coca-Cola Europacific Partners $CCEP

Key Points

• Vanguard Personalized Indexing Management LLC increased its holdings in Coca-Cola Europacific Partners by 18.8% after acquiring an additional 3,730 shares, bringing their total to 23,585 shares worth approximately $2.19 million.
• Several hedge funds have notably increased their stakes in Coca-Cola Europacific Partners, with Assetmark Inc. and Cullen Frost Bankers Inc. seeing 107.3% and 204.2% increases, respectively.
• Recent analyst reports show mixed ratings for CCEP, with a consensus target price of $92.40 and recent price targets adjusting downwards from $104.00 to $103.00 by Barclays.

Vanguard Personalized Indexing Management LLC lifted its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 18.8% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,585 shares of the company's stock after purchasing an additional 3,730 shares during the quarter. Vanguard Personalized Indexing Management LLC's holdings in Coca-Cola Europacific Partners were worth $2,187,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCEP. Assetmark Inc. grew its holdings in Coca-Cola Europacific Partners by 107.3% during the first quarter. Assetmark Inc. now owns 284 shares of the company's stock valued at $25,000 after purchasing an additional 147 shares during the period. Cullen Frost Bankers Inc. boosted its position in shares of Coca-Cola Europacific Partners by 204.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company's stock valued at $32,000 after acquiring an additional 245 shares during the last quarter. HM Payson & Co. purchased a new position in shares of Coca-Cola Europacific Partners in the 1st quarter worth $33,000. Motco increased its position in shares of Coca-Cola Europacific Partners by 285.7% during the 1st quarter. Motco now owns 405 shares of the company's stock valued at $35,000 after purchasing an additional 300 shares during the last quarter. Finally, Quarry LP raised its stake in shares of Coca-Cola Europacific Partners by 115.8% in the first quarter. Quarry LP now owns 436 shares of the company's stock valued at $38,000 after acquiring an additional 234 shares during the period. Institutional investors own 31.35% of the company's stock.

Analyst Ratings Changes

CCEP has been the topic of several recent analyst reports. Barclays reduced their price target on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. Morgan Stanley lowered Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research report on Thursday, August 7th. Wall Street Zen cut Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, Weiss Ratings reissued a "buy (b+)" rating on shares of Coca-Cola Europacific Partners in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $92.40.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock opened at $89.28 on Friday. The business has a fifty day moving average of $89.56 and a 200 day moving average of $90.87. Coca-Cola Europacific Partners has a 1 year low of $73.40 and a 1 year high of $100.67. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. The firm has a market capitalization of $41.15 billion, a price-to-earnings ratio of 18.37, a price-to-earnings-growth ratio of 2.54 and a beta of 0.77.

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.

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