Virtu Financial LLC Buys New Position in Coca-Cola Europacific Partners (NASDAQ:CCEP)

Key Points

• Virtu Financial LLC invested approximately $858,000 in Coca-Cola Europacific Partners by acquiring 9,862 shares during the first quarter, according to a recent SEC filing.
• Several institutional investors have significantly increased their stakes in Coca-Cola Europacific Partners, with 31.35% of the stock now held by such investors.
• Analysts have varied opinions on the stock, with price targets ranging from $90.43 to $105.00 and ratings including "buy," "hold," and one "sell" rating.

Virtu Financial LLC bought a new stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,862 shares of the company's stock, valued at approximately $858,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Private Trust Co. NA lifted its holdings in Coca-Cola Europacific Partners by 6.0% in the first quarter. Private Trust Co. NA now owns 2,022 shares of the company's stock valued at $176,000 after acquiring an additional 115 shares during the period. BKM Wealth Management LLC lifted its holdings in Coca-Cola Europacific Partners by 1.6% in the first quarter. BKM Wealth Management LLC now owns 7,834 shares of the company's stock valued at $682,000 after acquiring an additional 124 shares during the period. Assetmark Inc. lifted 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 during the period. Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of Coca-Cola Europacific Partners by 2.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,177 shares of the company's stock worth $538,000 after buying an additional 150 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of Coca-Cola Europacific Partners by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 53,142 shares of the company's stock worth $4,087,000 after buying an additional 155 shares during the period. Institutional investors own 31.35% of the company's stock.

Analysts Set New Price Targets

CCEP has been the topic of several recent research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Coca-Cola Europacific Partners in a research note on Friday, August 8th. Wall Street Zen downgraded Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Morgan Stanley downgraded Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research note on Thursday, August 7th. Barclays decreased 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 note on Friday, August 8th. Finally, UBS Group lifted their target price on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. One analyst has rated the stock with a sell rating, five have assigned a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $90.43.

Coca-Cola Europacific Partners Trading Down 1.4%

Shares of Coca-Cola Europacific Partners stock traded down $1.31 on Thursday, reaching $90.65. The company had a trading volume of 1,805,596 shares, compared to its average volume of 1,842,411. The firm has a market cap of $41.79 billion, a price-to-earnings ratio of 18.65, a P/E/G ratio of 2.66 and a beta of 0.75. 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's 50-day moving average price is $94.88 and its two-hundred day moving average price is $89.14. Coca-Cola Europacific Partners has a 1 year low of $73.40 and a 1 year high of $100.67.

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.