Foundry Partners LLC Increases Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Foundry Partners LLC lifted its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 0.1% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 212,863 shares of the company’s stock after buying an additional 160 shares during the quarter. Foundry Partners LLC’s holdings in Coca-Cola Europacific Partners were worth $15,511,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of CCEP. Victory Capital Management Inc. lifted its holdings in shares of Coca-Cola Europacific Partners by 110.3% in the fourth quarter. Victory Capital Management Inc. now owns 298,671 shares of the company’s stock worth $19,933,000 after buying an additional 156,620 shares in the last quarter. New York Life Investment Management LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 4.0% in the fourth quarter. New York Life Investment Management LLC now owns 4,096 shares of the company’s stock worth $273,000 after buying an additional 158 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Coca-Cola Europacific Partners by 220.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the company’s stock worth $34,000 after buying an additional 352 shares in the last quarter. M&T Bank Corp lifted its holdings in shares of Coca-Cola Europacific Partners by 15.9% in the fourth quarter. M&T Bank Corp now owns 12,133 shares of the company’s stock worth $809,000 after buying an additional 1,664 shares in the last quarter. Finally, Metis Global Partners LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 16.7% in the fourth quarter. Metis Global Partners LLC now owns 8,212 shares of the company’s stock worth $548,000 after buying an additional 1,174 shares in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

NASDAQ CCEP traded down $0.17 on Friday, reaching $81.26. 184,230 shares of the company’s stock traded hands, compared to its average volume of 1,405,704. Coca-Cola Europacific Partners PLC has a 12 month low of $56.28 and a 12 month high of $81.83. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. The stock has a 50-day simple moving average of $75.35 and a 200 day simple moving average of $72.82. The stock has a market cap of $37.12 billion, a PE ratio of 17.14, a P/E/G ratio of 3.79 and a beta of 0.90.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. StockNews.com cut shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Sunday, May 19th. Barclays upped their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the stock an “overweight” rating in a research report on Friday, August 9th. Finally, Bank of America upped 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. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $78.11.

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.