Coca-Cola Europacific Partners $CCEP Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio boosted its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 1.1% during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 18,500 shares of the company’s stock after buying an additional 200 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Coca-Cola Europacific Partners were worth $1,715,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in CCEP. Assetmark Inc. lifted its holdings in Coca-Cola Europacific Partners by 107.3% during the 1st quarter. Assetmark Inc. now owns 284 shares of the company’s stock worth $25,000 after buying an additional 147 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter valued at $28,000. Cullen Frost Bankers Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 204.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company’s stock valued at $32,000 after purchasing an additional 245 shares in the last quarter. HM Payson & Co. acquired a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter valued at $33,000. Finally, Motco raised its holdings in shares of Coca-Cola Europacific Partners by 285.7% in the 1st quarter. Motco now owns 405 shares of the company’s stock valued at $35,000 after purchasing an additional 300 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Trading Down 0.1%

Shares of Coca-Cola Europacific Partners stock opened at $87.77 on Friday. Coca-Cola Europacific Partners has a 1 year low of $73.40 and a 1 year high of $100.67. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83. The company has a market capitalization of $40.46 billion, a P/E ratio of 18.06, a PEG ratio of 2.47 and a beta of 0.76. The company’s fifty day moving average is $91.11 and its two-hundred day moving average is $90.70.

Analyst Ratings Changes

A number of brokerages have recently weighed in on CCEP. Barclays reduced their price objective on shares of 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Morgan Stanley lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 7th. Wall Street Zen downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Finally, Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Coca-Cola Europacific Partners in a research report on Saturday, September 27th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $92.40.

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.