XTX Topco Ltd purchased a new stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 4,733 shares of the company's stock, valued at approximately $412,000.
Several other institutional investors and hedge funds have also recently modified their holdings of CCEP. Bank of New York Mellon Corp increased its holdings in Coca-Cola Europacific Partners by 2.2% in the 1st quarter. Bank of New York Mellon Corp now owns 657,071 shares of the company's stock worth $57,185,000 after buying an additional 13,981 shares in the last quarter. Siemens Fonds Invest GmbH increased its holdings in Coca-Cola Europacific Partners by 79.1% in the 4th quarter. Siemens Fonds Invest GmbH now owns 16,226 shares of the company's stock worth $1,246,000 after buying an additional 7,165 shares in the last quarter. China Universal Asset Management Co. Ltd. increased its holdings in Coca-Cola Europacific Partners by 52.0% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,385 shares of the company's stock worth $991,000 after buying an additional 3,893 shares in the last quarter. Cetera Investment Advisers increased its holdings in Coca-Cola Europacific Partners by 12.3% in the 4th quarter. Cetera Investment Advisers now owns 31,339 shares of the company's stock worth $2,407,000 after buying an additional 3,435 shares in the last quarter. Finally, Deutsche Bank AG increased its holdings in Coca-Cola Europacific Partners by 7.3% in the 4th quarter. Deutsche Bank AG now owns 1,689,202 shares of the company's stock worth $129,748,000 after buying an additional 114,754 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors.
Coca-Cola Europacific Partners Stock Performance
NASDAQ:CCEP traded down $1.29 on Tuesday, hitting $93.22. The stock had a trading volume of 1,028,887 shares, compared to its average volume of 2,144,322. Coca-Cola Europacific Partners has a 52-week low of $73.40 and a 52-week high of $100.67. 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 $42.97 billion, a price-to-earnings ratio of 19.18, a price-to-earnings-growth ratio of 2.49 and a beta of 0.75. The business's 50-day simple moving average is $94.84 and its two-hundred day simple moving average is $89.00.
Wall Street Analyst Weigh In
Several equities research analysts recently commented on the company. Wall Street Zen downgraded Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Morgan Stanley downgraded 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 Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating for the company in a report on Friday. UBS Group raised their target price 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. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola Europacific Partners in a research report on Friday. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $90.43.
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Coca-Cola Europacific Partners Profile
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Free Report)
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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