Bleakley Financial Group LLC Cuts Stock Holdings in Coca-Cola Europacific Partners $CCEP

Bleakley Financial Group LLC trimmed its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 11.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,005 shares of the company’s stock after selling 1,321 shares during the period. Bleakley Financial Group LLC’s holdings in Coca-Cola Europacific Partners were worth $928,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of CCEP. Asset Management One Co. Ltd. grew its stake in Coca-Cola Europacific Partners by 5.1% in the 1st quarter. Asset Management One Co. Ltd. now owns 77,958 shares of the company’s stock worth $6,785,000 after buying an additional 3,786 shares in the last quarter. Bessemer Group Inc. lifted its holdings in shares of Coca-Cola Europacific Partners by 3.1% during the 1st quarter. Bessemer Group Inc. now owns 20,141 shares of the company’s stock worth $1,753,000 after acquiring an additional 605 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in Coca-Cola Europacific Partners by 13.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 100,146 shares of the company’s stock worth $8,643,000 after acquiring an additional 11,916 shares in the last quarter. Allspring Global Investments Holdings LLC increased its stake in Coca-Cola Europacific Partners by 1.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 163,078 shares of the company’s stock valued at $14,217,000 after acquiring an additional 2,850 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its stake in Coca-Cola Europacific Partners by 253.8% in 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 during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Up 0.2%

CCEP opened at $91.45 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83. The stock’s 50 day simple moving average is $89.41 and its 200 day simple moving average is $91.18. Coca-Cola Europacific Partners has a 1 year low of $73.40 and a 1 year high of $100.67.

Analyst Ratings Changes

Several equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Coca-Cola Europacific Partners in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. Wall Street Zen cut shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Morgan Stanley downgraded shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 7th. Finally, Barclays cut their price objective on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. Five analysts have rated the stock with 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 has a consensus rating of “Hold” and an average 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.