Coca-Cola Europacific Partners $CCEP Shares Bought by Vestmark Advisory Solutions Inc.

Key Points

• Vestmark Advisory Solutions Inc. increased its holdings in Coca-Cola Europacific Partners by 100.4% during the first quarter, now owning 7,726 shares worth $672,000.
• Analysts have mixed ratings for Coca-Cola Europacific Partners, with target prices ranging from $90.43 to $105.00 and ratings varying from Strong Buy to Sell.
• Coca-Cola Europacific Partners' stock experienced a 2.3% increase, trading at $92.50, with a yearly trading range between $73.40 and $100.67.

Vestmark Advisory Solutions Inc. grew its position in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 100.4% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,726 shares of the company's stock after acquiring an additional 3,871 shares during the quarter. Vestmark Advisory Solutions Inc.'s holdings in Coca-Cola Europacific Partners were worth $672,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. Assetmark Inc. increased its position in shares of Coca-Cola Europacific Partners by 107.3% during the 1st quarter. Assetmark Inc. now owns 284 shares of the company's stock valued at $25,000 after purchasing an additional 147 shares during the last quarter. NBC Securities Inc. bought a new position in shares of Coca-Cola Europacific Partners during the 1st quarter valued at approximately $28,000. Cullen Frost Bankers Inc. increased 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 purchasing an additional 245 shares during the last quarter. Optiver Holding B.V. bought a new position in shares of Coca-Cola Europacific Partners during the 4th quarter valued at approximately $29,000. Finally, HM Payson & Co. bought a new position in shares of Coca-Cola Europacific Partners during the 1st quarter valued at approximately $33,000. Institutional investors own 31.35% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on CCEP shares. Wall Street Zen downgraded Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. Barclays cut their price objective on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. UBS Group upped their price objective on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Finally, Morgan Stanley downgraded Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research report on Thursday, August 7th. One research 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 company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $90.43.

Coca-Cola Europacific Partners Stock Down 0.9%

Shares of NASDAQ CCEP traded down $0.85 during mid-day trading on Friday, reaching $90.34. 1,827,265 shares of the company were exchanged, compared to its average volume of 1,919,257. 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 cap of $41.64 billion, a price-to-earnings ratio of 18.59, a P/E/G ratio of 2.65 and a beta of 0.75. Coca-Cola Europacific Partners has a 1 year low of $73.40 and a 1 year high of $100.67. The firm has a 50-day moving average of $94.63 and a 200 day moving average of $89.66.

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.