Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Acquired by Millennium Management LLC

Millennium Management LLC grew its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 7.6% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 1,636,023 shares of the company’s stock after acquiring an additional 115,604 shares during the period. Millennium Management LLC owned about 0.36% of Coca-Cola Europacific Partners worth $119,217,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Voisard Asset Management Group Inc. acquired a new position in Coca-Cola Europacific Partners during the fourth quarter worth $33,000. New Millennium Group LLC acquired a new position in Coca-Cola Europacific Partners during the 2nd quarter worth about $37,000. Crewe Advisors LLC purchased a new position in Coca-Cola Europacific Partners during the 1st quarter valued at about $36,000. New Covenant Trust Company N.A. acquired a new position in Coca-Cola Europacific Partners in the 1st quarter valued at about $36,000. Finally, Mather Group LLC. increased its stake in Coca-Cola Europacific Partners by 142.0% during the second quarter. Mather Group LLC. now owns 668 shares of the company’s stock worth $47,000 after purchasing an additional 392 shares during the period. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Up 0.2 %

Shares of NASDAQ CCEP opened at $79.18 on Friday. The business has a 50-day moving average of $77.61 and a two-hundred day moving average of $74.05. Coca-Cola Europacific Partners PLC has a 1 year low of $56.28 and a 1 year high of $82.32. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft raised their price objective 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 upped their price objective on 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. Bank of America lifted their target price on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, BNP Paribas downgraded Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target on the stock. in a report on Tuesday, September 10th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the company presently 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.