AQR Capital Management LLC Invests $361,000 in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

AQR Capital Management LLC acquired a new position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,951 shares of the company’s stock, valued at approximately $361,000.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Crewe Advisors LLC purchased a new stake in Coca-Cola Europacific Partners during the first quarter worth $36,000. New Covenant Trust Company N.A. purchased a new stake in Coca-Cola Europacific Partners during the first quarter worth $36,000. New Millennium Group LLC purchased a new stake in Coca-Cola Europacific Partners during the second quarter worth $37,000. Mather Group LLC. boosted its holdings in Coca-Cola Europacific Partners by 142.0% during the second quarter. Mather Group LLC. now owns 668 shares of the company’s stock worth $47,000 after buying an additional 392 shares in the last quarter. Finally, Family Firm Inc. purchased a new position in Coca-Cola Europacific Partners during the second quarter valued at $56,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

CCEP has been the topic of several recent analyst reports. Barclays decreased their price objective on shares of Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. Bank of America increased 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 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 objective on the stock. in a report on Tuesday, September 10th. Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft increased 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. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and a consensus target price of $80.88.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $76.94 on Thursday. The company’s 50-day moving average price is $78.65 and its 200-day moving average price is $74.63. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12. The company has a market cap of $35.15 billion, a P/E ratio of 16.41, a P/E/G ratio of 3.54 and a beta of 0.90. Coca-Cola Europacific Partners PLC has a twelve month low of $56.45 and a twelve month high of $82.32.

Coca-Cola Europacific Partners 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.