Acadian Asset Management LLC Has $2.11 Million Stock Holdings in Coca-Cola Europacific Partners $CCEP

Acadian Asset Management LLC decreased its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 9.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 24,264 shares of the company’s stock after selling 2,507 shares during the period. Acadian Asset Management LLC’s holdings in Coca-Cola Europacific Partners were worth $2,110,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of CCEP. Invesco Ltd. raised its holdings in Coca-Cola Europacific Partners by 2.1% during the first quarter. Invesco Ltd. now owns 10,335,894 shares of the company’s stock valued at $899,533,000 after buying an additional 215,966 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Coca-Cola Europacific Partners by 462.7% in the first quarter. Vanguard Group Inc. now owns 9,883,600 shares of the company’s stock worth $862,167,000 after purchasing an additional 8,126,996 shares during the period. Goldman Sachs Group Inc. increased its stake in shares of Coca-Cola Europacific Partners by 24.3% in the first quarter. Goldman Sachs Group Inc. now owns 6,205,337 shares of the company’s stock worth $540,050,000 after purchasing an additional 1,214,493 shares during the period. Amundi increased its stake in shares of Coca-Cola Europacific Partners by 1.6% in the first quarter. Amundi now owns 3,128,598 shares of the company’s stock worth $281,009,000 after purchasing an additional 49,747 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of Coca-Cola Europacific Partners by 4.9% in the first quarter. JPMorgan Chase & Co. now owns 3,030,119 shares of the company’s stock worth $263,711,000 after purchasing an additional 142,019 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on CCEP. UBS Group lifted their price objective on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Morgan Stanley lowered Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 7th. Barclays lowered their price target 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. Wall Street Zen lowered Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Friday, August 8th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and an average target price of $92.40.

Coca-Cola Europacific Partners Trading Up 0.1%

CCEP stock opened at $88.76 on Wednesday. Coca-Cola Europacific Partners has a 1-year low of $73.40 and a 1-year high of $100.67. The firm has a market cap of $40.91 billion, a P/E ratio of 18.26, a P/E/G ratio of 2.57 and a beta of 0.78. The business’s 50 day moving average is $93.10 and its 200-day moving average is $90.25. The company has a current ratio of 0.83, a quick ratio of 0.65 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.