Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Profund Advisors LLC

Profund Advisors LLC lessened its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,126 shares of the company’s stock after selling 283 shares during the period. Profund Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $2,414,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Legacy Financial Advisors Inc. increased its position in Coca-Cola Europacific Partners by 3.8% during the second quarter. Legacy Financial Advisors Inc. now owns 4,605 shares of the company’s stock worth $336,000 after purchasing an additional 168 shares during the last quarter. Thrivent Financial for Lutherans increased its position in Coca-Cola Europacific Partners by 1.1% during the second quarter. Thrivent Financial for Lutherans now owns 217,892 shares of the company’s stock worth $15,877,000 after purchasing an additional 2,330 shares during the last quarter. Sei Investments Co. grew its stake in Coca-Cola Europacific Partners by 14.7% during the second quarter. Sei Investments Co. now owns 406,693 shares of the company’s stock worth $29,635,000 after buying an additional 52,127 shares during the period. Pacer Advisors Inc. grew its stake in Coca-Cola Europacific Partners by 1.2% during the second quarter. Pacer Advisors Inc. now owns 23,772 shares of the company’s stock worth $1,732,000 after buying an additional 287 shares during the period. Finally, Sienna Gestion grew its stake in Coca-Cola Europacific Partners by 16.9% during the second quarter. Sienna Gestion now owns 132,776 shares of the company’s stock worth $9,671,000 after buying an additional 19,222 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Down 0.2 %

Shares of NASDAQ:CCEP opened at $81.09 on Monday. The stock has a market capitalization of $37.04 billion, a price-to-earnings ratio of 17.07, a price-to-earnings-growth 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’s fifty day moving average is $77.02 and its two-hundred day moving average is $73.77. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85.

Analyst Ratings Changes

Several equities research analysts have issued reports on CCEP shares. Deutsche Bank Aktiengesellschaft boosted 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 research note on Monday, September 9th. Barclays boosted their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Bank of America boosted their price objective 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 downgraded 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 and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $79.78.

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.