Janney Capital Management LLC Purchases 145 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Janney Capital Management LLC raised its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 4.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,417 shares of the company’s stock after buying an additional 145 shares during the quarter. Janney Capital Management LLC’s holdings in Coca-Cola Europacific Partners were worth $269,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of CCEP. Point72 Asset Management L.P. grew its stake in shares of Coca-Cola Europacific Partners by 144.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company’s stock worth $87,788,000 after buying an additional 711,121 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Coca-Cola Europacific Partners in the 1st quarter valued at about $47,839,000. Point72 Europe London LLP purchased a new position in Coca-Cola Europacific Partners in the second quarter worth about $26,341,000. Samlyn Capital LLC increased its stake in Coca-Cola Europacific Partners by 23.2% during the second quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock worth $135,155,000 after acquiring an additional 349,466 shares during the last quarter. Finally, Vontobel Holding Ltd. raised its position in Coca-Cola Europacific Partners by 2,575.0% during the third quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company’s stock valued at $20,244,000 after purchasing an additional 246,458 shares during the period. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Down 0.5 %

CCEP opened at $75.60 on Monday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. The stock’s fifty day moving average is $78.88 and its two-hundred day moving average is $75.43. Coca-Cola Europacific Partners PLC has a 52 week low of $58.94 and a 52 week high of $82.32.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CCEP. Citigroup raised Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price on the stock. in a research note on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Bank of America increased their price objective on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Barclays dropped their target price on Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $80.88.

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.