Maseco LLP Buys New Shares in Coca-Cola Europacific Partners $CCEP

Maseco LLP purchased a new position in Coca-Cola Europacific Partners (NASDAQ:CCEP) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 941 shares of the company’s stock, valued at approximately $87,000.

Several other institutional investors have also recently made changes to their positions in the stock. Vanguard Group Inc. grew its stake in shares of Coca-Cola Europacific Partners by 462.7% in the 1st quarter. Vanguard Group Inc. now owns 9,883,600 shares of the company’s stock valued at $862,167,000 after buying an additional 8,126,996 shares during the period. Nuveen LLC acquired a new stake in Coca-Cola Europacific Partners in the first quarter valued at approximately $162,036,000. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of Coca-Cola Europacific Partners by 253.8% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,948,024 shares of the company’s stock valued at $169,537,000 after acquiring an additional 1,397,394 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Coca-Cola Europacific Partners by 24.3% during the first quarter. Goldman Sachs Group Inc. now owns 6,205,337 shares of the company’s stock worth $540,050,000 after purchasing an additional 1,214,493 shares during the period. Finally, AGF Management Ltd. lifted its holdings in shares of Coca-Cola Europacific Partners by 13,956.3% in the 1st quarter. AGF Management Ltd. now owns 595,143 shares of the company’s stock worth $51,795,000 after purchasing an additional 590,909 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Up 0.4%

CCEP opened at $89.76 on Thursday. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15. The stock has a market cap of $41.37 billion, a price-to-earnings ratio of 18.47, a PEG ratio of 2.59 and a beta of 0.78. Coca-Cola Europacific Partners has a twelve month low of $73.40 and a twelve month high of $100.67. The company’s 50-day moving average price is $92.41 and its two-hundred day moving average price is $90.41.

Analysts Set New Price Targets

A number of analysts have commented on CCEP shares. Wall Street Zen lowered shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. UBS Group raised their target price on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Morgan Stanley downgraded Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 7th. Finally, Barclays lowered their price target on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Coca-Cola Europacific Partners currently has a consensus rating of “Moderate Buy” and a consensus target price of $92.40.

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.