Bessemer Group Inc. Has $1.81 Million Stake in Coca-Cola Europacific Partners $CCEP

Bessemer Group Inc. reduced its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 2.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 19,561 shares of the company’s stock after selling 580 shares during the quarter. Bessemer Group Inc.’s holdings in Coca-Cola Europacific Partners were worth $1,814,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the business. Assetmark Inc. boosted its position 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 purchasing an additional 147 shares during the period. Cullen Frost Bankers Inc. raised its position in shares of 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 during the period. HM Payson & Co. acquired a new stake in shares of Coca-Cola Europacific Partners during the 1st quarter worth about $33,000. Motco boosted its holdings in shares of Coca-Cola Europacific Partners by 285.7% during the 1st 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 holdings in shares of Coca-Cola Europacific Partners by 115.8% during the 1st quarter. Quarry LP now owns 436 shares of the company’s stock worth $38,000 after buying an additional 234 shares during the period. Institutional investors own 31.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on CCEP. Morgan Stanley cut shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 7th. Wall Street Zen lowered Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Barclays dropped their price target on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $92.40.

Coca-Cola Europacific Partners Trading Up 0.4%

Shares of NASDAQ:CCEP opened at $88.95 on Friday. The business’s 50 day simple moving average is $89.36 and its 200 day simple moving average is $91.31. Coca-Cola Europacific Partners has a 1 year low of $73.40 and a 1 year high of $100.67. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. The company has a market capitalization of $41.00 billion, a P/E ratio of 17.34, a P/E/G ratio of 2.54 and a beta of 0.77.

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.