Concurrent Investment Advisors LLC Has $389,000 Stock Position in Coca-Cola Europacific Partners $CCEP

Concurrent Investment Advisors LLC boosted its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 9.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,200 shares of the company’s stock after purchasing an additional 354 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $389,000 at the end of the most recent quarter.

Several other hedge funds have also made changes to their positions in CCEP. Assetmark Inc. raised its stake in shares of Coca-Cola Europacific Partners by 107.3% in the first quarter. Assetmark Inc. now owns 284 shares of the company’s stock valued at $25,000 after purchasing an additional 147 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 204.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company’s stock worth $32,000 after buying an additional 245 shares in the last quarter. HM Payson & Co. bought a new position in shares of Coca-Cola Europacific Partners during the first quarter valued at $33,000. Motco boosted its stake in shares of Coca-Cola Europacific Partners by 285.7% in the 1st quarter. Motco now owns 405 shares of the company’s stock valued at $35,000 after purchasing an additional 300 shares in the last quarter. Finally, Quarry LP increased its position in shares of Coca-Cola Europacific Partners by 115.8% during the 1st quarter. Quarry LP now owns 436 shares of the company’s stock worth $38,000 after purchasing an additional 234 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

CCEP opened at $90.54 on Friday. The business’s 50-day moving average price is $89.48 and its two-hundred day moving average price is $90.92. Coca-Cola Europacific Partners has a 1 year low of $73.40 and a 1 year high of $100.67. The company has a market capitalization of $41.73 billion, a price-to-earnings ratio of 18.63, a P/E/G ratio of 2.59 and a beta of 0.77. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65.

Analyst Ratings Changes

A number of research analysts have recently issued reports on CCEP shares. UBS Group lifted their target price on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. Wall Street Zen downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Coca-Cola Europacific Partners in a research report on Wednesday, October 8th. Finally, Barclays dropped their price objective on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Coca-Cola Europacific Partners currently has a consensus rating of “Hold” and a consensus price target of $92.40.

Coca-Cola Europacific Partners 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.