Park Avenue Securities LLC Takes Position in Coca-Cola Europacific Partners $CCEP

Park Avenue Securities LLC purchased a new stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 6,411 shares of the company’s stock, valued at approximately $594,000.

Several other hedge funds have also recently bought and sold shares of the company. Assetmark Inc. boosted its position in Coca-Cola Europacific Partners by 107.3% during the first quarter. Assetmark Inc. now owns 284 shares of the company’s stock worth $25,000 after purchasing an additional 147 shares in the last quarter. NBC Securities Inc. purchased a new stake in Coca-Cola Europacific Partners during the first quarter worth $28,000. Cullen Frost Bankers Inc. boosted its position in Coca-Cola Europacific Partners by 204.2% during the first quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company’s stock worth $32,000 after purchasing an additional 245 shares in the last quarter. HM Payson & Co. purchased a new stake in Coca-Cola Europacific Partners during the first quarter worth $33,000. Finally, Motco boosted its position in Coca-Cola Europacific Partners by 285.7% during the first quarter. Motco now owns 405 shares of the company’s stock worth $35,000 after purchasing an additional 300 shares in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

CCEP stock opened at $89.52 on Monday. Coca-Cola Europacific Partners has a 52-week low of $73.40 and a 52-week high of $100.67. The stock’s fifty day simple moving average is $92.13 and its 200-day simple moving average is $90.62. 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 capitalization of $41.26 billion, a price-to-earnings ratio of 18.42, a price-to-earnings-growth ratio of 2.60 and a beta of 0.78.

Analyst Upgrades and Downgrades

CCEP has been the topic of a number of research analyst reports. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. UBS Group boosted 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. Wall Street Zen cut Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Barclays lowered their target price on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Finally, Morgan Stanley cut Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $92.40.

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.