Public Sector Pension Investment Board Acquires 8,200 Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP)

Public Sector Pension Investment Board raised its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 7.0% in the first quarter, HoldingsChannel reports. The firm owned 124,683 shares of the company’s stock after buying an additional 8,200 shares during the quarter. Public Sector Pension Investment Board’s holdings in Coca-Cola Europacific Partners were worth $10,851,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the stock. Advisory Services Network LLC purchased a new position in Coca-Cola Europacific Partners in the 4th quarter worth approximately $262,000. Raymond James Financial Inc. bought a new position in shares of Coca-Cola Europacific Partners during the 4th quarter valued at approximately $14,999,000. Rockefeller Capital Management L.P. increased its position in shares of Coca-Cola Europacific Partners by 2.6% during the 4th quarter. Rockefeller Capital Management L.P. now owns 35,730 shares of the company’s stock valued at $2,741,000 after purchasing an additional 907 shares during the last quarter. Townsquare Capital LLC increased its position in shares of Coca-Cola Europacific Partners by 27.4% during the 4th quarter. Townsquare Capital LLC now owns 4,417 shares of the company’s stock valued at $339,000 after purchasing an additional 949 shares during the last quarter. Finally, Summit Investment Advisors Inc. increased its position in shares of Coca-Cola Europacific Partners by 6.0% during the 4th quarter. Summit Investment Advisors Inc. now owns 14,647 shares of the company’s stock valued at $1,125,000 after purchasing an additional 829 shares during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

CCEP has been the topic of several research analyst reports. 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. Morgan Stanley cut Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research note 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. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Friday, August 8th. Finally, UBS Group increased their price target 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 investment analyst has rated the stock with a sell rating, five have assigned a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $90.43.

Coca-Cola Europacific Partners Stock Down 1.4%

Coca-Cola Europacific Partners stock opened at $91.96 on Thursday. The firm has a market cap of $42.39 billion, a price-to-earnings ratio of 18.92, a price-to-earnings-growth ratio of 2.70 and a beta of 0.75. Coca-Cola Europacific Partners has a 52 week low of $73.40 and a 52 week high of $100.67. The business’s 50-day moving average price is $94.91 and its 200 day moving average price is $89.05. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15.

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.