Samlyn Capital LLC Raises Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Samlyn Capital LLC increased its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 23.2% in the 2nd quarter, Holdings Channel reports. The firm owned 1,854,744 shares of the company’s stock after buying an additional 349,466 shares during the period. Coca-Cola Europacific Partners accounts for approximately 2.3% of Samlyn Capital LLC’s holdings, making the stock its 15th biggest position. Samlyn Capital LLC’s holdings in Coca-Cola Europacific Partners were worth $135,155,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCEP. Norges Bank purchased a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth $68,360,000. Point72 Asset Management L.P. lifted its stake in Coca-Cola Europacific Partners by 89.3% in the 4th quarter. Point72 Asset Management L.P. now owns 2,156,056 shares of the company’s stock worth $143,895,000 after purchasing an additional 1,017,278 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Coca-Cola Europacific Partners in the first quarter worth about $47,839,000. Public Sector Pension Investment Board boosted its position in shares of Coca-Cola Europacific Partners by 800.5% during the 4th quarter. Public Sector Pension Investment Board now owns 663,146 shares of the company’s stock valued at $44,258,000 after acquiring an additional 589,500 shares during the last quarter. Finally, First Trust Advisors LP grew its stake in shares of Coca-Cola Europacific Partners by 1,735.9% in the 4th quarter. First Trust Advisors LP now owns 456,425 shares of the company’s stock worth $30,462,000 after buying an additional 431,564 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock opened at $80.57 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. The business has a fifty day moving average of $77.17 and a 200 day moving average of $73.84. The firm has a market capitalization of $36.80 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 3.64 and a beta of 0.90. Coca-Cola Europacific Partners PLC has a 1 year low of $56.28 and a 1 year high of $82.32.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Barclays increased their price target on Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Bank of America raised their target price on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, BNP Paribas lowered shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $79.78.

Coca-Cola Europacific Partners 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.