Princeton Global Asset Management LLC Has $8.50 Million Stock Holdings in Coca-Cola Europacific Partners $CCEP

Princeton Global Asset Management LLC cut its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 1.9% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 91,635 shares of the company’s stock after selling 1,802 shares during the period. Coca-Cola Europacific Partners comprises about 1.5% of Princeton Global Asset Management LLC’s portfolio, making the stock its 14th largest position. Princeton Global Asset Management LLC’s holdings in Coca-Cola Europacific Partners were worth $8,496,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. UBS Group increased their price target 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. Barclays decreased their price target on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Morgan Stanley cut Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 7th. Weiss Ratings restated a “buy (b+)” rating on shares of Coca-Cola Europacific Partners in a research note on Wednesday, October 8th. Finally, Wall Street Zen cut Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $92.40.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $90.54 on Monday. The company has a market capitalization of $41.73 billion, a PE ratio of 18.63, a P/E/G ratio of 2.59 and a beta of 0.76. The company has a 50 day simple moving average of $89.48 and a two-hundred day simple moving average of $90.93. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83. Coca-Cola Europacific Partners has a fifty-two week low of $73.40 and a fifty-two week high of $100.67.

Coca-Cola Europacific Partners Company 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.