Coca-Cola Europacific Partners PLC (NASDAQ:CCEP – Get Free Report) was the target of a large decline in short interest during the month of September. As of September 15th, there was short interest totalling 2,950,000 shares, a decline of 12.2% from the August 31st total of 3,360,000 shares. Currently, 1.4% of the shares of the company are sold short. Based on an average trading volume of 1,380,000 shares, the days-to-cover ratio is currently 2.1 days.
Institutional Investors Weigh In On Coca-Cola Europacific Partners
Several hedge funds and other institutional investors have recently added to or reduced their stakes in CCEP. FIL Ltd increased its holdings in shares of Coca-Cola Europacific Partners by 9.6% in the 4th quarter. FIL Ltd now owns 3,629,675 shares of the company’s stock valued at $242,245,000 after acquiring an additional 317,936 shares during the period. Point72 Asset Management L.P. grew its position in shares of Coca-Cola Europacific Partners by 89.3% in the fourth quarter. Point72 Asset Management L.P. now owns 2,156,056 shares of the company’s stock valued at $143,895,000 after purchasing an additional 1,017,278 shares during the period. Samlyn Capital LLC raised its stake in Coca-Cola Europacific Partners by 23.2% during the second quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock worth $135,155,000 after purchasing an additional 349,466 shares during the period. Fiduciary Management Inc. WI increased its stake in Coca-Cola Europacific Partners by 25.8% during the fourth quarter. Fiduciary Management Inc. WI now owns 1,785,320 shares of the company’s stock worth $119,152,000 after acquiring an additional 365,820 shares during the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Coca-Cola Europacific Partners by 7.6% in the second quarter. Millennium Management LLC now owns 1,636,023 shares of the company’s stock valued at $119,217,000 after purchasing an additional 115,604 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.
Coca-Cola Europacific Partners Stock Performance
Shares of Coca-Cola Europacific Partners stock traded up $0.13 during trading on Friday, hitting $79.18. 1,047,650 shares of the stock traded hands, compared to its average volume of 1,417,881. The stock’s fifty day simple moving average is $77.61 and its 200 day simple moving average is $74.05. 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 has a 52-week low of $56.28 and a 52-week high of $82.32.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on CCEP
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.
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