Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Purchased by Royal London Asset Management Ltd.

Royal London Asset Management Ltd. boosted its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.9% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 178,788 shares of the company’s stock after acquiring an additional 3,400 shares during the quarter. Royal London Asset Management Ltd.’s holdings in Coca-Cola Europacific Partners were worth $13,028,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Voisard Asset Management Group Inc. acquired a new stake in Coca-Cola Europacific Partners in the 4th quarter valued at approximately $33,000. New Millennium Group LLC acquired a new stake in Coca-Cola Europacific Partners in the 2nd quarter valued at approximately $37,000. Crewe Advisors LLC acquired a new stake in Coca-Cola Europacific Partners in the 1st quarter valued at approximately $36,000. New Covenant Trust Company N.A. acquired a new stake in Coca-Cola Europacific Partners in the 1st quarter valued at approximately $36,000. Finally, Newbridge Financial Services Group Inc. acquired a new stake in Coca-Cola Europacific Partners in the 1st quarter valued at approximately $42,000. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ CCEP opened at $80.63 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. The stock’s fifty day simple moving average is $76.07 and its 200 day simple moving average is $73.24. Coca-Cola Europacific Partners PLC has a 52-week low of $56.28 and a 52-week high of $82.14.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on CCEP. Barclays lifted their price target on Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Bank of America lifted their price target on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. BNP Paribas cut Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target on the stock. in a research report on Tuesday. Deutsche Bank Aktiengesellschaft lifted their price target on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday. Finally, StockNews.com cut Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Sunday, May 19th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $79.78.

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.