Pacer Advisors Inc. Has $1.56 Million Holdings in Coca-Cola Europacific Partners $CCEP

Pacer Advisors Inc. trimmed its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 51.1% in the first quarter, HoldingsChannel reports. The firm owned 17,179 shares of the company’s stock after selling 17,967 shares during the period. Pacer Advisors Inc.’s holdings in Coca-Cola Europacific Partners were worth $1,558,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC increased its stake in shares of Coca-Cola Europacific Partners by 10.5% in the first quarter. AQR Capital Management LLC now owns 7,131 shares of the company’s stock valued at $621,000 after buying an additional 677 shares in the last quarter. Geneos Wealth Management Inc. lifted its position in Coca-Cola Europacific Partners by 23.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock worth $70,000 after buying an additional 156 shares in the last quarter. Marshall Wace LLP acquired a new position in Coca-Cola Europacific Partners during the 2nd quarter worth about $653,000. Jump Financial LLC grew its holdings in Coca-Cola Europacific Partners by 18.8% during the 2nd quarter. Jump Financial LLC now owns 25,666 shares of the company’s stock worth $2,380,000 after acquiring an additional 4,059 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in Coca-Cola Europacific Partners during the 2nd quarter worth about $202,000. Institutional investors own 31.35% of the company’s stock.

Analyst Upgrades and Downgrades

CCEP has been the topic of a number of research reports. Barclays upped their target price on shares of Coca-Cola Europacific Partners from $114.00 to $119.00 and gave the stock an “overweight” rating in a research report on Thursday. Weiss Ratings cut shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, July 2nd. Sanford C. Bernstein reiterated a “market perform” rating and issued a $106.00 price objective on shares of Coca-Cola Europacific Partners in a research report on Wednesday. Finally, UBS Group lifted their target price on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Eight equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $108.78.

Coca-Cola Europacific Partners Price Performance

CCEP stock opened at $108.29 on Friday. Coca-Cola Europacific Partners has a fifty-two week low of $84.65 and a fifty-two week high of $113.67. The company has a quick ratio of 0.60, a current ratio of 0.89 and a debt-to-equity ratio of 1.20. The business has a 50-day moving average of $102.53 and a 200-day moving average of $98.47.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.