Vanguard Personalized Indexing Management LLC Raises Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Vanguard Personalized Indexing Management LLC boosted its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 34.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 15,322 shares of the company’s stock after purchasing an additional 3,959 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Coca-Cola Europacific Partners were worth $1,115,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of CCEP. Franklin Resources Inc. grew its position in shares of Coca-Cola Europacific Partners by 151.7% in the fourth quarter. Franklin Resources Inc. now owns 107,477 shares of the company’s stock valued at $7,173,000 after purchasing an additional 64,784 shares in the last quarter. BNP Paribas Financial Markets increased its position in Coca-Cola Europacific Partners by 79.0% during the first quarter. BNP Paribas Financial Markets now owns 477,729 shares of the company’s stock valued at $33,417,000 after acquiring an additional 210,780 shares during the last quarter. Grayhawk Investment Strategies Inc. bought a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth approximately $1,110,000. Nomura Asset Management Co. Ltd. raised its position in Coca-Cola Europacific Partners by 44.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 79,167 shares of the company’s stock worth $5,284,000 after acquiring an additional 24,391 shares during the period. Finally, Bessemer Group Inc. lifted its position in Coca-Cola Europacific Partners by 436.7% during the first quarter. Bessemer Group Inc. now owns 19,514 shares of the company’s stock valued at $1,365,000 after purchasing an additional 15,878 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock opened at $80.57 on Tuesday. Coca-Cola Europacific Partners PLC has a 52-week low of $56.28 and a 52-week high of $82.32. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. The firm’s fifty day moving average is $77.17 and its 200 day moving average is $73.84. The company has a market cap of $36.80 billion, a price-to-earnings ratio of 16.96, a PEG ratio of 3.64 and a beta of 0.90.

Analyst Ratings Changes

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

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.