Aberdeen Group plc Buys 16,951 Shares of Coca-Cola Europacific Partners $CCEP

Aberdeen Group plc increased its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 79.7% in the 2nd quarter, HoldingsChannel reports. The institutional investor owned 38,212 shares of the company’s stock after acquiring an additional 16,951 shares during the quarter. Aberdeen Group plc’s holdings in Coca-Cola Europacific Partners were worth $3,507,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Cyndeo Wealth Partners LLC boosted its position in Coca-Cola Europacific Partners by 2.2% in the second quarter. Cyndeo Wealth Partners LLC now owns 141,704 shares of the company’s stock worth $13,139,000 after purchasing an additional 3,075 shares during the last quarter. Callan Family Office LLC purchased a new position in shares of Coca-Cola Europacific Partners during the 2nd quarter valued at $227,000. KLP Kapitalforvaltning AS lifted its position in shares of Coca-Cola Europacific Partners by 4.8% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 170,300 shares of the company’s stock valued at $15,790,000 after buying an additional 7,800 shares during the last quarter. 111 Capital lifted its position in shares of Coca-Cola Europacific Partners by 25.4% during the 2nd quarter. 111 Capital now owns 29,119 shares of the company’s stock valued at $2,687,000 after buying an additional 5,889 shares during the last quarter. Finally, Ameritas Advisory Services LLC purchased a new position in shares of Coca-Cola Europacific Partners during the 2nd quarter valued at $67,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $89.28 on Friday. The business’s 50-day moving average price is $89.56 and its two-hundred day moving average price is $90.87. Coca-Cola Europacific Partners has a twelve month low of $73.40 and a twelve month high of $100.67. The stock has a market cap of $41.15 billion, a P/E ratio of 18.37, a PEG ratio of 2.54 and a beta of 0.77. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. UBS Group increased their price objective on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Wall Street Zen cut Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Morgan Stanley cut Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 7th. Finally, Weiss Ratings reissued a “buy (b+)” rating on shares of Coca-Cola Europacific Partners in a report on Wednesday, October 8th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of “Hold” and a consensus target price of $92.40.

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.