Squarepoint Ops LLC Has $8.58 Million Stock Holdings in Coca-Cola Europacific Partners $CCEP

Squarepoint Ops LLC trimmed its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 47.8% during the second quarter, HoldingsChannel reports. The fund owned 85,742 shares of the company’s stock after selling 78,652 shares during the quarter. Squarepoint Ops LLC’s holdings in Coca-Cola Europacific Partners were worth $8,580,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. California State Teachers Retirement System raised its stake in shares of Coca-Cola Europacific Partners by 8,692.1% during the second quarter. California State Teachers Retirement System now owns 17,141,791 shares of the company’s stock valued at $1,715,379,000 after acquiring an additional 16,946,824 shares during the last quarter. Boston Partners grew its stake in shares of Coca-Cola Europacific Partners by 2.6% in the third quarter. Boston Partners now owns 6,266,512 shares of the company’s stock worth $566,051,000 after purchasing an additional 156,613 shares during the last quarter. State Street Corp increased its holdings in Coca-Cola Europacific Partners by 0.7% in the third quarter. State Street Corp now owns 4,760,094 shares of the company’s stock valued at $430,360,000 after purchasing an additional 31,054 shares during the period. Norges Bank acquired a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at $363,294,000. Finally, FIL Ltd raised its position in Coca-Cola Europacific Partners by 0.3% during the 4th quarter. FIL Ltd now owns 3,793,166 shares of the company’s stock worth $344,312,000 after purchasing an additional 10,801 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have commented on CCEP. Sanford C. Bernstein reiterated a “market perform” rating and issued a $106.00 price target on shares of Coca-Cola Europacific Partners in a research report on Wednesday, August 5th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $92.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Friday, September 4th. Wells Fargo & Company upped their target price on Coca-Cola Europacific Partners from $115.00 to $120.00 and gave the company an “overweight” rating in a report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, July 2nd. Finally, UBS Group downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $109.00 to $107.00 in a research report on Thursday, August 13th. Seven investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.44.

Coca-Cola Europacific Partners Stock Down 0.9%

Shares of Coca-Cola Europacific Partners stock opened at $102.88 on Friday. The business has a 50-day moving average price of $107.07 and a two-hundred day moving average price of $100.49. Coca-Cola Europacific Partners has a 1-year low of $84.65 and a 1-year high of $113.67. The company has a current ratio of 0.89, a quick ratio of 0.68 and a debt-to-equity ratio of 1.20.

Coca-Cola Europacific Partners Profile

Coca-Cola Europacific Partners plc (NASDAQ: CCEP) is a major Coca-Cola bottling partner that manufactures, markets, sells and distributes a broad portfolio of beverages. Its products include Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Powerade, Fuze Tea, smartwater, Costa Coffee and Monster Energy, among other brands.

The company serves customers across a broad geographic territory spanning Europe and the Asia-Pacific region. Its markets include Great Britain, Germany, Spain, Portugal, France, Belgium, the Netherlands, Norway, Sweden, Iceland and Switzerland, as well as Australia, New Zealand, Indonesia and selected Pacific island markets.