Macquarie Group Ltd. Increases Holdings in Coca-Cola Europacific Partners PLC (NYSE:CCEP)

Macquarie Group Ltd. lifted its position in Coca-Cola Europacific Partners PLC (NYSE:CCEP – Get Rating) by 598.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 73,979 shares of the company’s stock after purchasing an additional 63,381 shares during the quarter. Macquarie Group Ltd.’s holdings in Coca-Cola Europacific Partners were worth $3,153,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Veriti Management LLC grew its holdings in Coca-Cola Europacific Partners by 13.2% during the third quarter. Veriti Management LLC now owns 4,696 shares of the company’s stock worth $200,000 after acquiring an additional 546 shares during the period. Allworth Financial LP grew its holdings in Coca-Cola Europacific Partners by 459.4% during the third quarter. Allworth Financial LP now owns 3,496 shares of the company’s stock worth $149,000 after acquiring an additional 2,871 shares during the period. Sculptor Capital LP acquired a new stake in Coca-Cola Europacific Partners during the second quarter worth about $153,833,000. AXA S.A. grew its holdings in Coca-Cola Europacific Partners by 166.5% during the third quarter. AXA S.A. now owns 362,380 shares of the company’s stock worth $15,445,000 after acquiring an additional 226,400 shares during the period. Finally, Nuveen Asset Management LLC grew its holdings in Coca-Cola Europacific Partners by 5.4% during the third quarter. Nuveen Asset Management LLC now owns 944,259 shares of the company’s stock worth $40,244,000 after acquiring an additional 48,070 shares during the period. 28.63% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Down 0.2 %

Shares of NYSE:CCEP opened at $54.90 on Thursday. The company has a quick ratio of 0.71, a current ratio of 0.89 and a debt-to-equity ratio of 1.42. The business’s 50 day moving average price is $55.70 and its 200-day moving average price is $51.56. Coca-Cola Europacific Partners PLC has a 1 year low of $41.80 and a 1 year high of $57.63.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. JPMorgan Chase & Co. raised their target price on Coca-Cola Europacific Partners to €66.50 ($70.74) and gave the stock an “overweight” rating in a report on Thursday, December 1st. StockNews.com lowered Coca-Cola Europacific Partners from a “strong-buy” rating to a “buy” rating in a report on Wednesday, February 8th. Deutsche Bank Aktiengesellschaft raised their price objective on Coca-Cola Europacific Partners from $63.00 to $66.00 in a report on Thursday, January 5th. Finally, Barclays dropped their price objective on Coca-Cola Europacific Partners from $69.00 to $67.00 and set an “overweight” rating on the stock in a report on Tuesday, February 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $60.79.

Coca-Cola Europacific Partners Profile

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Coca-Cola Europacific Partners plc engages in the distribution and sale of non-alcoholic ready to drink beverages. It operates through the following geographical segments: Iberia, Germany, Great Britain, France, Belgium/Luxembourg, Netherlands, Norway, Sweden, and Iceland. The company was founded on August 4, 2015 and is headquartered in Uxbridge, the United Kingdom.