Virtu Financial LLC Makes New Investment in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Virtu Financial LLC purchased a new position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 13,947 shares of the company’s stock, valued at approximately $976,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. NBC Securities Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 12.9% during the 4th quarter. NBC Securities Inc. now owns 1,326 shares of the company’s stock worth $88,000 after buying an additional 152 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Coca-Cola Europacific Partners by 151.7% in the 4th quarter. Franklin Resources Inc. now owns 107,477 shares of the company’s stock worth $7,173,000 after purchasing an additional 64,784 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Coca-Cola Europacific Partners by 79.0% in the 1st quarter. BNP Paribas Financial Markets now owns 477,729 shares of the company’s stock worth $33,417,000 after purchasing an additional 210,780 shares in the last quarter. Grayhawk Investment Strategies Inc. bought a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth $1,110,000. Finally, International Assets Investment Management LLC bought a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth $5,876,000. 31.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Barclays cut their target price on Coca-Cola Europacific Partners from $84.00 to $82.00 and set an “overweight” rating on the stock in a report on Friday, July 19th. StockNews.com lowered Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Sunday, May 19th. Finally, Bank of America increased 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. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and an average target price of $76.80.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP opened at $75.06 on Friday. The business has a 50-day moving average of $73.67 and a 200 day moving average of $71.22. Coca-Cola Europacific Partners PLC has a fifty-two week low of $56.28 and a fifty-two week high of $76.44. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72.

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.