Scientech Research LLC Buys 8,533 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Scientech Research LLC grew its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 82.8% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,833 shares of the company’s stock after buying an additional 8,533 shares during the period. Scientech Research LLC’s holdings in Coca-Cola Europacific Partners were worth $1,372,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Signaturefd LLC grew its holdings in shares of Coca-Cola Europacific Partners by 2.6% in the 2nd quarter. Signaturefd LLC now owns 5,735 shares of the company’s stock valued at $418,000 after buying an additional 147 shares during the period. Waverly Advisors LLC grew its stake 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 valued at $1,039,000 after acquiring an additional 151 shares during the period. Legacy Financial Advisors Inc. increased its holdings in shares of Coca-Cola Europacific Partners by 3.8% in the second quarter. Legacy Financial Advisors Inc. now owns 4,605 shares of the company’s stock worth $336,000 after acquiring an additional 168 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of 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 worth $3,424,000 after purchasing an additional 186 shares during the period. Finally, Genesee Capital Advisors LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 1.9% during 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 in the last quarter. Institutional investors own 31.35% of the company’s stock.

Analysts Set New Price Targets

Several analysts have commented 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 on the stock. in a report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a report on Monday, September 9th. Bank of America upped 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 research note on Wednesday, July 10th. Finally, Barclays lifted their price target on Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $79.78.

Coca-Cola Europacific Partners Trading Up 0.2 %

NASDAQ:CCEP opened at $79.18 on Friday. The stock’s 50-day simple moving average is $77.50 and its 200 day simple moving average is $73.98. 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.

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.