AlphaCore Capital LLC Has $643,000 Stock Position in Coca-Cola Europacific Partners $CCEP

AlphaCore Capital LLC grew its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 335.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 7,115 shares of the company’s stock after acquiring an additional 5,480 shares during the period. AlphaCore Capital LLC’s holdings in Coca-Cola Europacific Partners were worth $643,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of CCEP. AQR Capital Management LLC raised its position in Coca-Cola Europacific Partners by 10.5% during the 1st quarter. AQR Capital Management LLC now owns 7,131 shares of the company’s stock worth $621,000 after purchasing an additional 677 shares during the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Coca-Cola Europacific Partners by 23.9% in the first quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock valued at $70,000 after buying an additional 156 shares during the period. CWM LLC raised its position in shares of Coca-Cola Europacific Partners by 13.3% during the second quarter. CWM LLC now owns 1,136 shares of the company’s stock worth $105,000 after acquiring an additional 133 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Coca-Cola Europacific Partners by 27.3% during the second quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 48,008 shares of the company’s stock worth $4,451,000 after acquiring an additional 10,300 shares during the last quarter. Finally, Assetmark Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 110.2% in the second quarter. Assetmark Inc. now owns 597 shares of the company’s stock worth $55,000 after acquiring an additional 313 shares during the period. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $110.43 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.60 and a current ratio of 0.80. Coca-Cola Europacific Partners has a twelve month low of $80.70 and a twelve month high of $110.90. The stock’s 50 day moving average is $94.34 and its 200-day moving average is $91.51.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on CCEP. Barclays increased their target price on shares of Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $114.00 price objective on shares of Coca-Cola Europacific Partners in a research report on Thursday, January 8th. Bank of America reissued a “neutral” rating and set a $96.00 target price (down from $102.00) on shares of Coca-Cola Europacific Partners in a research note on Wednesday, January 14th. Evercore reaffirmed an “outperform” rating and set a $112.00 price target on shares of Coca-Cola Europacific Partners in a research report on Wednesday, February 18th. Finally, The Goldman Sachs Group increased their price target on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $107.71.

Coca-Cola Europacific Partners Profile

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.