Exane Asset Management Purchases New Shares in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Exane Asset Management acquired a new stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 151,730 shares of the company’s stock, valued at approximately $11,119,000. Coca-Cola Europacific Partners accounts for 7.8% of Exane Asset Management’s investment portfolio, making the stock its 5th biggest position.

Other institutional investors and hedge funds have also made changes to their positions in the company. NBC Securities Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 12.9% in the 4th quarter. NBC Securities Inc. now owns 1,326 shares of the company’s stock worth $88,000 after acquiring an additional 152 shares during the period. Franklin Resources Inc. increased its position in Coca-Cola Europacific Partners by 151.7% during the 4th quarter. Franklin Resources Inc. now owns 107,477 shares of the company’s stock worth $7,173,000 after purchasing an additional 64,784 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Coca-Cola Europacific Partners by 79.0% during the 1st quarter. BNP Paribas Financial Markets now owns 477,729 shares of the company’s stock worth $33,417,000 after buying an additional 210,780 shares in the last quarter. Grayhawk Investment Strategies Inc. acquired a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at approximately $1,110,000. Finally, Nomura Asset Management Co. Ltd. boosted its stake in shares of Coca-Cola Europacific Partners by 44.5% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 79,167 shares of the company’s stock valued at $5,284,000 after buying an additional 24,391 shares in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on CCEP shares. Barclays raised their target price on Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, August 9th. StockNews.com downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a report on Sunday, May 19th. Bank of America increased their target price 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. Deutsche Bank Aktiengesellschaft boosted their price target on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday. Finally, BNP Paribas downgraded 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. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $79.78.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock opened at $81.54 on Tuesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. Coca-Cola Europacific Partners PLC has a fifty-two week low of $56.28 and a fifty-two week high of $82.14. The stock has a fifty day moving average of $75.68 and a two-hundred day moving average of $73.07.

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.