Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Short Interest Update

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Get Free Report) was the target of a significant drop in short interest during the month of September. As of September 30th, there was short interest totalling 2,500,000 shares, a drop of 15.3% from the September 15th total of 2,950,000 shares. Approximately 1.2% of the shares of the company are sold short. Based on an average trading volume of 1,430,000 shares, the short-interest ratio is presently 1.7 days.

Institutional Trading of Coca-Cola Europacific Partners

A number of hedge funds have recently bought and sold shares of CCEP. Voisard Asset Management Group Inc. acquired a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth approximately $33,000. V Square Quantitative Management LLC acquired a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter worth $452,000. American International Group Inc. raised its position in shares of Coca-Cola Europacific Partners by 51.0% in the 4th quarter. American International Group Inc. now owns 90,380 shares of the company's stock worth $6,032,000 after buying an additional 30,542 shares during the period. Wellington Management Group LLP grew its position in Coca-Cola Europacific Partners by 9.5% during the fourth quarter. Wellington Management Group LLP now owns 466,733 shares of the company's stock valued at $31,150,000 after acquiring an additional 40,525 shares during the period. Finally, Park Avenue Securities LLC increased its stake in Coca-Cola Europacific Partners by 7.7% during the first quarter. Park Avenue Securities LLC now owns 14,366 shares of the company's stock worth $1,005,000 after acquiring an additional 1,027 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company's stock.

Analyst Ratings Changes

Several brokerages recently weighed in on CCEP. Deutsche Bank Aktiengesellschaft increased their price target on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a "buy" rating in a report on Monday, September 9th. Bank of America raised their price target on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a "buy" rating in a report on Wednesday, July 10th. Citigroup upgraded Coca-Cola Europacific Partners to a "strong-buy" rating in a research note on Thursday, October 3rd. Barclays cut their price objective on Coca-Cola Europacific Partners from $85.00 to $84.00 and set an "overweight" rating for the company in a research report on Friday. Finally, BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an "outperform" rating to a "neutral" rating and set a $81.00 price target for the company. in a report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $80.88.

Coca-Cola Europacific Partners Trading Up 0.5 %

NASDAQ:CCEP traded up $0.40 on Monday, reaching $78.36. The stock had a trading volume of 1,058,285 shares, compared to its average volume of 1,414,110. Coca-Cola Europacific Partners has a 12-month low of $56.45 and a 12-month high of $82.32. The company has a market cap of $35.79 billion, a price-to-earnings ratio of 16.67, a P/E/G ratio of 3.54 and a beta of 0.90. The firm's fifty day moving average is $78.40 and its two-hundred day moving average is $74.50. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63.

About Coca-Cola Europacific Partners

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.

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