Sienna Gestion Purchases 19,222 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Sienna Gestion grew its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 16.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 132,776 shares of the company’s stock after buying an additional 19,222 shares during the quarter. Sienna Gestion’s holdings in Coca-Cola Europacific Partners were worth $9,671,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Voisard Asset Management Group Inc. bought a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter worth $33,000. Crewe Advisors LLC bought a new stake in Coca-Cola Europacific Partners in the 1st quarter worth about $36,000. New Covenant Trust Company N.A. purchased a new position in Coca-Cola Europacific Partners in the 1st quarter worth about $36,000. New Millennium Group LLC bought a new position in Coca-Cola Europacific Partners during the 2nd quarter valued at about $37,000. Finally, Mather Group LLC. boosted its holdings in shares of Coca-Cola Europacific Partners by 142.0% during the 2nd quarter. Mather Group LLC. now owns 668 shares of the company’s stock valued at $47,000 after acquiring an additional 392 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CCEP. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 9th. Bank of America raised their price target on 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. BNP Paribas lowered Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective for the company. in a report on Tuesday, September 10th. Finally, Barclays increased their target price on Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $79.78.

Coca-Cola Europacific Partners Price Performance

NASDAQ CCEP opened at $80.79 on Thursday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. The business’s fifty day moving average is $76.73 and its 200 day moving average is $73.58. The company has a market capitalization of $36.90 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 3.64 and a beta of 0.90. Coca-Cola Europacific Partners PLC has a fifty-two week low of $56.28 and a fifty-two week high of $82.32.

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.