Sienna Gestion Increases Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Sienna Gestion increased its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 16.9% during the 2nd quarter, Holdings Channel reports. The firm owned 132,776 shares of the company’s stock after acquiring an additional 19,222 shares during the period. Sienna Gestion’s holdings in Coca-Cola Europacific Partners were worth $9,671,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CCEP. Private Advisor Group LLC purchased a new position in shares of Coca-Cola Europacific Partners in the fourth quarter valued at about $235,000. Norges Bank bought a new position in Coca-Cola Europacific Partners in the 4th quarter worth approximately $68,360,000. UBS Group AG boosted its stake in Coca-Cola Europacific Partners by 64.5% in the 4th quarter. UBS Group AG now owns 979,045 shares of the company’s stock worth $65,341,000 after purchasing an additional 384,000 shares during the period. Coldstream Capital Management Inc. purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter valued at approximately $220,000. Finally, Wells Fargo & Company MN raised its position in shares of Coca-Cola Europacific Partners by 1.2% during the fourth quarter. Wells Fargo & Company MN now owns 1,066,631 shares of the company’s stock valued at $71,187,000 after buying an additional 12,679 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Down 0.3 %

Shares of CCEP stock opened at $80.79 on Thursday. The company has a market cap of $36.90 billion, a PE ratio of 17.01, a price-to-earnings-growth ratio of 3.64 and a beta of 0.90. Coca-Cola Europacific Partners PLC has a 1 year low of $56.28 and a 1 year high of $82.32. The stock’s 50 day simple moving average is $76.73 and its two-hundred day simple moving average is $73.58. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63.

Analyst Ratings Changes

Several research firms recently weighed in on CCEP. Deutsche Bank Aktiengesellschaft raised 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 note on Monday, September 9th. Barclays increased their price target on Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the company an “overweight” rating in a research note on Friday, August 9th. Bank of America lifted their price objective on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Finally, BNP Paribas cut Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $79.78.

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.