Sei Investments Co. Raises Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Sei Investments Co. increased its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 14.7% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 406,693 shares of the company’s stock after buying an additional 52,127 shares during the period. Sei Investments Co. owned 0.09% of Coca-Cola Europacific Partners worth $29,635,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in CCEP. Norges Bank purchased a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth $68,360,000. Point72 Asset Management L.P. raised its position in shares of Coca-Cola Europacific Partners by 89.3% in the fourth quarter. Point72 Asset Management L.P. now owns 2,156,056 shares of the company’s stock worth $143,895,000 after buying an additional 1,017,278 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Coca-Cola Europacific Partners in the first quarter worth $47,839,000. Public Sector Pension Investment Board raised its position in shares of Coca-Cola Europacific Partners by 800.5% in the fourth quarter. Public Sector Pension Investment Board now owns 663,146 shares of the company’s stock worth $44,258,000 after buying an additional 589,500 shares in the last quarter. Finally, First Trust Advisors LP raised its position in shares of Coca-Cola Europacific Partners by 1,735.9% in the fourth 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. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Down 0.6 %

Shares of NASDAQ:CCEP opened at $80.57 on Tuesday. The stock’s 50-day moving average price is $77.17 and its 200-day moving average price is $73.84. Coca-Cola Europacific Partners PLC has a 12-month low of $56.28 and a 12-month high of $82.32. The stock has a market capitalization of $36.80 billion, a P/E ratio of 16.96, a price-to-earnings-growth ratio of 3.64 and a beta of 0.90. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12.

Analyst Upgrades and Downgrades

CCEP has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft raised 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, September 9th. Bank of America raised 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 downgraded 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, September 10th. Finally, Barclays raised 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. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently 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.