Coca-Cola Europacific Partners Sees Unusually High Options Volume (NASDAQ:CCEP)

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) saw unusually large options trading activity on Monday. Traders purchased 9,777 call options on the company. This represents an increase of approximately 1,370% compared to the average daily volume of 665 call options.

Institutional Trading of Coca-Cola Europacific Partners

Several large investors have recently modified their holdings of the stock. Norges Bank acquired a new stake in Coca-Cola Europacific Partners during the fourth quarter worth about $68,360,000. Point72 Asset Management L.P. boosted its position in shares of Coca-Cola Europacific Partners by 89.3% during the 4th quarter. Point72 Asset Management L.P. now owns 2,156,056 shares of the company’s stock worth $143,895,000 after acquiring an additional 1,017,278 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Coca-Cola Europacific Partners in the first quarter valued at approximately $47,839,000. Public Sector Pension Investment Board raised its position in Coca-Cola Europacific Partners by 800.5% during the fourth quarter. Public Sector Pension Investment Board now owns 663,146 shares of the company’s stock valued at $44,258,000 after purchasing an additional 589,500 shares in the last quarter. Finally, First Trust Advisors LP lifted its stake in Coca-Cola Europacific Partners by 1,735.9% during the fourth quarter. First Trust Advisors LP now owns 456,425 shares of the company’s stock worth $30,462,000 after purchasing an additional 431,564 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on CCEP. StockNews.com lowered shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research note on Sunday, May 19th. Barclays increased their target price on Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Finally, Bank of America lifted their price target on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $78.11.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock opened at $77.27 on Wednesday. The firm has a market cap of $35.30 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 3.45 and a beta of 0.89. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72. The stock’s fifty day moving average price is $74.02 and its two-hundred day moving average price is $71.83. Coca-Cola Europacific Partners has a one year low of $56.28 and a one year high of $77.45.

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.