Thrivent Financial for Lutherans Purchases 2,330 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Thrivent Financial for Lutherans grew its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 217,892 shares of the company’s stock after acquiring an additional 2,330 shares during the period. Thrivent Financial for Lutherans’ holdings in Coca-Cola Europacific Partners were worth $15,877,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the company. FIL Ltd lifted its stake in shares of Coca-Cola Europacific Partners by 9.6% in the 4th quarter. FIL Ltd now owns 3,629,675 shares of the company’s stock valued at $242,245,000 after acquiring an additional 317,936 shares during the last quarter. Point72 Asset Management L.P. lifted its stake in shares of 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 valued at $143,895,000 after acquiring an additional 1,017,278 shares during the last quarter. Fiduciary Management Inc. WI lifted its stake in shares of Coca-Cola Europacific Partners by 25.8% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,785,320 shares of the company’s stock valued at $119,152,000 after acquiring an additional 365,820 shares during the last quarter. TD Asset Management Inc lifted its stake in shares of Coca-Cola Europacific Partners by 35.9% in the 4th quarter. TD Asset Management Inc now owns 907,044 shares of the company’s stock valued at $60,536,000 after acquiring an additional 239,447 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in shares of Coca-Cola Europacific Partners by 12.6% in the 4th quarter. Allianz Asset Management GmbH now owns 857,121 shares of the company’s stock valued at $57,204,000 after acquiring an additional 95,689 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $79.56 on Wednesday. The stock has a 50-day moving average price of $77.29 and a 200-day moving average price of $73.91. Coca-Cola Europacific Partners PLC has a 1-year low of $56.28 and a 1-year high of $82.32. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12. The firm has a market cap of $36.34 billion, a PE ratio of 16.75, a price-to-earnings-growth ratio of 3.64 and a beta of 0.90.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on CCEP. Barclays raised their target price on 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. Deutsche Bank Aktiengesellschaft raised their target price on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. BNP Paribas lowered Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price for the company. in a research report on Tuesday, September 10th. Finally, 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. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and an average price target 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.