25,338 Shares in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Bought by Marshall Wace LLP

Marshall Wace LLP bought a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 25,338 shares of the company’s stock, valued at approximately $1,846,000.

A number of other institutional investors have also added to or reduced their stakes in CCEP. Voisard Asset Management Group Inc. purchased a new position in shares of Coca-Cola Europacific Partners during the fourth quarter worth about $33,000. Crewe Advisors LLC bought a new position in shares of Coca-Cola Europacific Partners in the 1st quarter worth $36,000. New Covenant Trust Company N.A. bought a new position in shares of Coca-Cola Europacific Partners in the 1st quarter worth $36,000. New Millennium Group LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the 2nd quarter valued at $37,000. Finally, Mather Group LLC. lifted 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 worth $47,000 after acquiring an additional 392 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Trading Up 1.6 %

Shares of CCEP opened at $78.01 on Friday. The stock has a market capitalization of $35.63 billion, a P/E ratio of 16.46, a PEG ratio of 3.69 and a beta of 0.90. Coca-Cola Europacific Partners PLC has a twelve month low of $56.28 and a twelve month high of $82.32. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. The firm has a fifty day simple moving average of $78.05 and a two-hundred day simple moving average of $74.27.

Wall Street Analysts Forecast Growth

CCEP has been the topic of a number of research analyst reports. 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 research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft raised their price objective on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 9th. Citigroup raised Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday. Bank of America lifted their price target on shares of 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. Finally, BNP Paribas cut shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective for the company. in a research note on Tuesday, September 10th. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price 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.