Genesee Capital Advisors LLC Boosts Holdings in Coca-Cola Europacific Partners $CCEP

Genesee Capital Advisors LLC boosted its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 1.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 11,123 shares of the company’s stock after buying an additional 189 shares during the quarter. Genesee Capital Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $1,031,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of CCEP. Assetmark Inc. boosted its stake in Coca-Cola Europacific Partners by 107.3% during the first quarter. Assetmark Inc. now owns 284 shares of the company’s stock worth $25,000 after buying an additional 147 shares during the period. Cullen Frost Bankers Inc. boosted its stake in Coca-Cola Europacific Partners by 204.2% during the first quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company’s stock worth $32,000 after buying an additional 245 shares during the period. HM Payson & Co. purchased a new position in Coca-Cola Europacific Partners during the first quarter worth $33,000. Motco boosted its stake in Coca-Cola Europacific Partners by 285.7% during the first quarter. Motco now owns 405 shares of the company’s stock worth $35,000 after buying an additional 300 shares during the period. Finally, Quarry LP boosted its stake in Coca-Cola Europacific Partners by 115.8% during the first quarter. Quarry LP now owns 436 shares of the company’s stock worth $38,000 after buying an additional 234 shares during the period. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock opened at $87.90 on Monday. The company has a market capitalization of $40.52 billion, a PE ratio of 18.09, a P/E/G ratio of 2.47 and a beta of 0.76. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83. The company has a 50-day simple moving average of $90.06 and a two-hundred day simple moving average of $90.87. Coca-Cola Europacific Partners has a one year low of $73.40 and a one year high of $100.67.

Analyst Ratings Changes

A number of analysts have recently issued reports on CCEP shares. Barclays lowered their target price on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a research note on Friday, August 8th. UBS Group boosted their target price on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Weiss Ratings reissued a “buy (b+)” rating on shares of Coca-Cola Europacific Partners in a research note on Wednesday, October 8th. Wall Street Zen lowered shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Finally, Morgan Stanley lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 7th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of “Hold” and an average target price of $92.40.

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.