Genesee Capital Advisors LLC Has $796,000 Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Genesee Capital Advisors LLC decreased its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 15.0% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 10,102 shares of the company’s stock after selling 1,789 shares during the quarter. Genesee Capital Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $796,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Samlyn Capital LLC increased its stake in Coca-Cola Europacific Partners by 23.2% during the 2nd quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock worth $135,155,000 after acquiring an additional 349,466 shares during the period. Millennium Management LLC increased its stake in shares of Coca-Cola Europacific Partners by 7.6% in the 2nd quarter. Millennium Management LLC now owns 1,636,023 shares of the company’s stock valued at $119,217,000 after purchasing an additional 115,604 shares during the last quarter. Point72 Asset Management L.P. increased its stake in shares of Coca-Cola Europacific Partners by 144.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company’s stock valued at $87,788,000 after purchasing an additional 711,121 shares during the last quarter. Public Sector Pension Investment Board increased its stake in shares of Coca-Cola Europacific Partners by 3.4% in the 2nd quarter. Public Sector Pension Investment Board now owns 887,013 shares of the company’s stock valued at $64,637,000 after purchasing an additional 29,181 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Coca-Cola Europacific Partners in the 1st quarter valued at $47,839,000. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Down 1.1 %

CCEP stock traded down $0.88 during trading on Monday, reaching $77.84. 809,738 shares of the stock were exchanged, compared to its average volume of 1,407,493. The firm’s 50 day moving average is $78.82 and its 200 day moving average is $74.79. Coca-Cola Europacific Partners PLC has a twelve month low of $56.45 and a twelve month high of $82.32. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12. The firm has a market cap of $35.56 billion, a P/E ratio of 16.78, a price-to-earnings-growth ratio of 3.54 and a beta of 0.90.

Wall Street Analysts Forecast Growth

CCEP has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft boosted their price objective on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Barclays reduced their price objective on Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. BNP Paribas lowered Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a research report on Tuesday, September 10th. Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Bank of America upped their price target on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Two equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $80.88.

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.