Assenagon Asset Management S.A. Sells 1,840 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Assenagon Asset Management S.A. trimmed its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 8.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 19,591 shares of the company’s stock after selling 1,840 shares during the period. Assenagon Asset Management S.A.’s holdings in Coca-Cola Europacific Partners were worth $1,543,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Point72 Asset Management L.P. grew its stake in shares of Coca-Cola Europacific Partners by 144.1% during the second quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company’s stock valued at $87,788,000 after buying an additional 711,121 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in Coca-Cola Europacific Partners in the 1st quarter valued at $47,839,000. Point72 Europe London LLP bought a new stake in shares of Coca-Cola Europacific Partners during the second quarter worth $26,341,000. Samlyn Capital LLC boosted its stake in shares of Coca-Cola Europacific Partners by 23.2% during the second quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock valued at $135,155,000 after purchasing an additional 349,466 shares during the period. Finally, Vontobel Holding Ltd. grew its holdings in shares of Coca-Cola Europacific Partners by 2,575.0% in the third quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company’s stock worth $20,244,000 after purchasing an additional 246,458 shares during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CCEP has been the subject of several research reports. Barclays lowered their price objective on shares of Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating for the company in a research report on Friday, October 11th. Bank of America increased 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. Deutsche Bank Aktiengesellschaft lifted their target price on 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. 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 research report on Tuesday, September 10th. Finally, Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $80.88.

Coca-Cola Europacific Partners Trading Down 0.5 %

Shares of CCEP opened at $75.60 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners PLC has a 12 month low of $58.94 and a 12 month high of $82.32. The stock has a fifty day moving average price of $78.88 and a 200-day moving average price of $75.31.

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.