Citigroup Inc. Raises Stock Holdings in Coca-Cola Europacific Partners PLC (NYSE:CCEP)

Citigroup Inc. raised its position in Coca-Cola Europacific Partners PLC (NYSE:CCEP) by 85.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 274,538 shares of the company’s stock after buying an additional 126,775 shares during the quarter. Citigroup Inc. owned approximately 0.06% of Coca-Cola Europacific Partners worth $16,250,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WealthPLAN Partners LLC purchased a new stake in Coca-Cola Europacific Partners in the first quarter valued at approximately $25,000. Exos TFP Holdings LLC raised its stake in shares of Coca-Cola Europacific Partners by 270.2% during the first quarter. Exos TFP Holdings LLC now owns 622 shares of the company’s stock worth $37,000 after purchasing an additional 454 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Coca-Cola Europacific Partners during the second quarter worth approximately $40,000. Belpointe Asset Management LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth approximately $51,000. Finally, Pacer Advisors Inc. purchased a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth approximately $83,000. Hedge funds and other institutional investors own 29.50% of the company’s stock.

Coca-Cola Europacific Partners Trading Down 1.0 %

NYSE:CCEP opened at $62.84 on Tuesday. The stock has a fifty day moving average price of $64.19 and a two-hundred day moving average price of $61.74. The company has a current ratio of 0.85, a quick ratio of 0.66 and a debt-to-equity ratio of 1.20. Coca-Cola Europacific Partners PLC has a 1 year low of $41.80 and a 1 year high of $66.79.

Analysts Set New Price Targets

CCEP has been the subject of several analyst reports. Credit Suisse Group upped their price target on Coca-Cola Europacific Partners to €68.00 ($73.91) in a research note on Tuesday, August 15th. StockNews.com initiated coverage on Coca-Cola Europacific Partners in a research note on Thursday, August 17th. They set a “buy” rating for the company. Argus upped their price target on Coca-Cola Europacific Partners from $62.00 to $72.00 in a research note on Friday, May 26th. JPMorgan Chase & Co. increased their price objective on Coca-Cola Europacific Partners from $66.50 to $75.50 in a research report on Wednesday, July 5th. Finally, Barclays increased their price objective on Coca-Cola Europacific Partners from $72.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, August 4th.

Coca-Cola Europacific Partners Company 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.