Yousif Capital Management LLC Trims Stake in Coca-Cola Europacific Partners $CCEP

Yousif Capital Management LLC cut its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 16.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 2,253 shares of the company’s stock after selling 440 shares during the quarter. Yousif Capital Management LLC’s holdings in Coca-Cola Europacific Partners were worth $209,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Assetmark Inc. lifted its position in Coca-Cola Europacific Partners by 107.3% in the first quarter. Assetmark Inc. now owns 284 shares of the company’s stock valued at $25,000 after buying an additional 147 shares during the last quarter. Cullen Frost Bankers Inc. raised its stake 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 acquiring an additional 245 shares during the period. HM Payson & Co. acquired a new position in shares of Coca-Cola Europacific Partners in the 1st quarter worth approximately $33,000. Motco boosted its position in shares of Coca-Cola Europacific Partners by 285.7% during the 1st quarter. Motco now owns 405 shares of the company’s stock worth $35,000 after purchasing an additional 300 shares during the period. Finally, Quarry LP increased its holdings in Coca-Cola Europacific Partners by 115.8% in the 1st quarter. Quarry LP now owns 436 shares of the company’s stock valued at $38,000 after purchasing an additional 234 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of research analysts have commented on CCEP shares. UBS Group upped their price target 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. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Friday, August 8th. Barclays dropped their target price on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Wall Street Zen lowered shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Finally, Morgan Stanley lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 7th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $92.40.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock opened at $91.45 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15. The company has a fifty day simple moving average of $89.41 and a 200-day simple moving average of $91.11. The stock has a market cap of $42.15 billion, a P/E ratio of 18.82, a price-to-earnings-growth ratio of 2.61 and a beta of 0.77. Coca-Cola Europacific Partners has a 12-month low of $73.40 and a 12-month high of $100.67.

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.