Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Acquired by Lombard Odier Asset Management Europe Ltd

Lombard Odier Asset Management Europe Ltd raised its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 103.4% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 92,770 shares of the company’s stock after purchasing an additional 47,165 shares during the quarter. Lombard Odier Asset Management Europe Ltd’s holdings in Coca-Cola Europacific Partners were worth $6,760,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Voisard Asset Management Group Inc. bought a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth $33,000. Crewe Advisors LLC bought a new stake in Coca-Cola Europacific Partners in the first quarter valued at about $36,000. New Covenant Trust Company N.A. bought a new position in Coca-Cola Europacific Partners during the 1st quarter worth $36,000. New Millennium Group LLC acquired a new stake in Coca-Cola Europacific Partners in the second quarter worth $37,000. Finally, Mather Group LLC. lifted its stake in Coca-Cola Europacific Partners by 142.0% in the second quarter. Mather Group LLC. now owns 668 shares of the company’s stock valued at $47,000 after buying an additional 392 shares during the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. BNP Paribas lowered shares of 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 note on Tuesday, September 10th. Bank of America lifted their target price on 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. Barclays raised their price target 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. Finally, Deutsche Bank Aktiengesellschaft upped 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. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $79.78.

Coca-Cola Europacific Partners Trading Down 0.2 %

Shares of NASDAQ:CCEP opened at $81.09 on Monday. 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 stock has a market capitalization of $37.04 billion, a price-to-earnings ratio of 17.07, a PEG ratio of 3.64 and a beta of 0.90. 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 50 day moving average price of $77.02 and a 200 day moving average price of $73.77.

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.