Point72 Europe London LLP Takes $26.34 Million Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Point72 Europe London LLP bought a new position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 361,477 shares of the company’s stock, valued at approximately $26,341,000. Coca-Cola Europacific Partners accounts for 2.2% of Point72 Europe London LLP’s investment portfolio, making the stock its 7th biggest holding. Point72 Europe London LLP owned approximately 0.08% of Coca-Cola Europacific Partners at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 2.6% during the 2nd quarter. Signaturefd LLC now owns 5,735 shares of the company’s stock worth $418,000 after acquiring an additional 147 shares during the period. Waverly Advisors LLC raised its position in Coca-Cola Europacific Partners by 1.0% in the first quarter. Waverly Advisors LLC now owns 14,856 shares of the company’s stock worth $1,039,000 after purchasing an additional 151 shares in the last quarter. Legacy Financial Advisors Inc. lifted its stake in Coca-Cola Europacific Partners by 3.8% during the second quarter. Legacy Financial Advisors Inc. now owns 4,605 shares of the company’s stock worth $336,000 after purchasing an additional 168 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Coca-Cola Europacific Partners by 0.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 46,994 shares of the company’s stock valued at $3,424,000 after purchasing an additional 186 shares in the last quarter. Finally, Genesee Capital Advisors LLC grew its stake in shares of Coca-Cola Europacific Partners by 1.9% in the 2nd quarter. Genesee Capital Advisors LLC now owns 11,891 shares of the company’s stock valued at $867,000 after purchasing an additional 217 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Coca-Cola Europacific Partners Price Performance

CCEP opened at $79.56 on Wednesday. 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 company’s 50 day simple moving average is $77.29 and its 200-day simple moving average is $73.91. Coca-Cola Europacific Partners PLC has a one year low of $56.28 and a one year high of $82.32.

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.