ProShare Advisors LLC Has $28.74 Million Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

ProShare Advisors LLC lessened its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 11.5% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 394,455 shares of the company’s stock after selling 51,098 shares during the period. ProShare Advisors LLC owned 0.09% of Coca-Cola Europacific Partners worth $28,744,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Signaturefd LLC increased its position in 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 acquiring an additional 147 shares in the last quarter. Waverly Advisors LLC increased its holdings in shares of 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 purchasing an additional 151 shares in the last quarter. 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 valued at $336,000 after purchasing an additional 168 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its position in Coca-Cola Europacific Partners by 0.4% in the 2nd 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 last quarter. Finally, Genesee Capital Advisors LLC lifted its holdings in 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 worth $867,000 after buying an additional 217 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP opened at $80.57 on Tuesday. The firm has a market cap of $36.80 billion, a P/E ratio of 16.96, a PEG ratio of 3.64 and a beta of 0.90. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. Coca-Cola Europacific Partners PLC has a twelve month low of $56.28 and a twelve month high of $82.32. The firm’s 50 day moving average price is $77.17 and its two-hundred day moving average price is $73.84.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CCEP. Barclays boosted their target price on Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Bank of America upped their target price on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target for the company. in a research note on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft upped 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 research 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. According to MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of “Moderate Buy” and a consensus price target of $79.78.

About Coca-Cola Europacific Partners

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.