Exane Asset Management Makes New $11.12 Million Investment in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Exane Asset Management acquired a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 151,730 shares of the company’s stock, valued at approximately $11,119,000. Coca-Cola Europacific Partners comprises about 7.8% of Exane Asset Management’s holdings, making the stock its 5th largest position.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Royal London Asset Management Ltd. increased its position in shares of Coca-Cola Europacific Partners by 1.9% in the second quarter. Royal London Asset Management Ltd. now owns 178,788 shares of the company’s stock worth $13,028,000 after acquiring an additional 3,400 shares in the last quarter. LGT Group Foundation acquired a new stake in Coca-Cola Europacific Partners in the 2nd quarter valued at $430,000. Choreo LLC purchased a new position in Coca-Cola Europacific Partners in the second quarter valued at about $219,000. Ashton Thomas Private Wealth LLC purchased a new stake in shares of Coca-Cola Europacific Partners in the second quarter worth about $81,000. Finally, Caprock Group LLC raised its holdings in shares of Coca-Cola Europacific Partners by 90.6% during the 2nd quarter. Caprock Group LLC now owns 9,381 shares of the company’s stock valued at $684,000 after buying an additional 4,460 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on CCEP. 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 report on Tuesday. Deutsche Bank Aktiengesellschaft increased their price target on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday. StockNews.com lowered Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Sunday, May 19th. Barclays upped their price target on shares of Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, August 9th. Finally, Bank of America raised 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 report on Wednesday, July 10th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.78.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $81.54 on Tuesday. Coca-Cola Europacific Partners PLC has a 12-month low of $56.28 and a 12-month high of $82.14. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. The business has a 50 day simple moving average of $75.68 and a 200 day simple moving average of $73.07.

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.