Edge Capital Group LLC Increases Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Edge Capital Group LLC increased its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 2.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 191,245 shares of the company’s stock after purchasing an additional 5,157 shares during the period. Edge Capital Group LLC’s holdings in Coca-Cola Europacific Partners were worth $13,936,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of CCEP. Norges Bank acquired a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter worth about $68,360,000. Point72 Asset Management L.P. lifted its position in Coca-Cola Europacific Partners by 89.3% in the fourth 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. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Coca-Cola Europacific Partners during the first quarter worth about $47,839,000. Public Sector Pension Investment Board grew its stake in Coca-Cola Europacific Partners by 800.5% during the 4th quarter. Public Sector Pension Investment Board now owns 663,146 shares of the company’s stock worth $44,258,000 after buying an additional 589,500 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Coca-Cola Europacific Partners by 1,735.9% in the 4th quarter. First Trust Advisors LP now owns 456,425 shares of the company’s stock valued at $30,462,000 after acquiring an additional 431,564 shares during the period. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on CCEP shares. Barclays raised their price target on Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. BNP Paribas lowered shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a research report on Tuesday, September 10th. Bank of America boosted their price objective on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Finally, Deutsche Bank Aktiengesellschaft lifted 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 report on Monday, September 9th. Two investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on 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 Trading Down 0.2 %

Shares of Coca-Cola Europacific Partners stock opened at $81.09 on Friday. The company has a 50-day moving average of $77.02 and a two-hundred day moving average of $73.75. The stock has a market cap of $37.04 billion, a PE ratio of 17.07, a price-to-earnings-growth ratio of 3.64 and a beta of 0.90. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners PLC has a 12-month low of $56.28 and a 12-month 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.