Blueshift Asset Management LLC acquired a new stake in Coca-Cola Europacific Partners PLC (NYSE:CCEP – Get Rating) during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm acquired 9,220 shares of the company's stock, valued at approximately $448,000.
Several other large investors have also bought and sold shares of the business. Boston Partners boosted its stake in Coca-Cola Europacific Partners by 11.2% in the first quarter. Boston Partners now owns 12,931,168 shares of the company's stock valued at $628,611,000 after buying an additional 1,305,578 shares in the last quarter. Epoch Investment Partners Inc. boosted its stake in Coca-Cola Europacific Partners by 34.5% in the fourth quarter. Epoch Investment Partners Inc. now owns 2,706,097 shares of the company's stock valued at $151,352,000 after buying an additional 693,447 shares in the last quarter. Capital World Investors raised its position in Coca-Cola Europacific Partners by 0.7% in the fourth quarter. Capital World Investors now owns 2,097,183 shares of the company's stock valued at $117,295,000 after purchasing an additional 15,020 shares during the last quarter. Invesco Ltd. raised its position in Coca-Cola Europacific Partners by 5.6% in the fourth quarter. Invesco Ltd. now owns 1,974,725 shares of the company's stock valued at $110,448,000 after purchasing an additional 103,851 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Coca-Cola Europacific Partners by 15.2% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,957,126 shares of the company's stock valued at $109,462,000 after purchasing an additional 258,313 shares during the last quarter.
Get Coca-Cola Europacific Partners alerts:Analysts Set New Price Targets
Several equities analysts have commented on CCEP shares. StockNews.com upgraded Coca-Cola Europacific Partners from a "buy" rating to a "strong-buy" rating in a research report on Friday, August 5th. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research report on Wednesday, June 29th. UBS Group upgraded Coca-Cola Europacific Partners from a "neutral" rating to a "buy" rating and increased their target price for the company from $62.00 to $68.00 in a research report on Wednesday, August 3rd. Finally, Societe Generale increased their target price on Coca-Cola Europacific Partners to €44.00 ($44.90) and gave the company a "sell" rating in a research report on Wednesday, July 6th. One analyst has rated the stock with a sell rating, one has assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of "Moderate Buy" and an average target price of $62.63.
Coca-Cola Europacific Partners Stock Performance
NYSE CCEP opened at $49.49 on Wednesday. The business has a 50 day simple moving average of $52.15 and a 200 day simple moving average of $51.22. Coca-Cola Europacific Partners PLC has a one year low of $42.33 and a one year high of $61.26. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 1.42.About Coca-Cola Europacific Partners
(Get Rating)
Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. The company 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.
Further Reading
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