STF Management LP Sells 343 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

STF Management LP lessened its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 4.5% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,244 shares of the company’s stock after selling 343 shares during the period. STF Management LP’s holdings in Coca-Cola Europacific Partners were worth $528,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Dimensional Fund Advisors LP boosted its holdings in shares of Coca-Cola Europacific Partners by 126.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 51,892 shares of the company’s stock valued at $3,786,000 after purchasing an additional 28,951 shares during the last quarter. Envestnet Asset Management Inc. raised its position in shares of Coca-Cola Europacific Partners by 1.8% during the 2nd quarter. Envestnet Asset Management Inc. now owns 547,600 shares of the company’s stock valued at $39,904,000 after buying an additional 9,681 shares in the last quarter. Oppenheimer Asset Management Inc. raised its position in shares of Coca-Cola Europacific Partners by 1.7% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 74,577 shares of the company’s stock valued at $5,434,000 after buying an additional 1,264 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Coca-Cola Europacific Partners by 6.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 41,041 shares of the company’s stock valued at $2,991,000 after buying an additional 2,514 shares in the last quarter. Finally, Andra AP fonden purchased a new stake in shares of Coca-Cola Europacific Partners during the 2nd quarter valued at about $15,889,000. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Up 0.4 %

Shares of CCEP stock opened at $81.88 on Tuesday. The company’s 50 day moving average is $76.40 and its 200 day moving average is $73.45. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. Coca-Cola Europacific Partners PLC has a 52-week low of $56.28 and a 52-week high of $82.32.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CCEP shares. Deutsche Bank Aktiengesellschaft upped their target price on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Bank of America upped their target price on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Barclays upped their target price on shares of Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Finally, BNP Paribas lowered shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $79.78.

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.