Banco Santander S.A. Acquires Shares of 5,000 Coca-Cola Europacific Partners $CCEP

Banco Santander S.A. bought a new stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,000 shares of the company’s stock, valued at approximately $452,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Mather Group LLC. acquired a new stake in Coca-Cola Europacific Partners during the 3rd quarter valued at approximately $31,000. First Command Advisory Services Inc. boosted its stake in shares of Coca-Cola Europacific Partners by 1,800.0% during the 3rd quarter. First Command Advisory Services Inc. now owns 361 shares of the company’s stock valued at $33,000 after buying an additional 342 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Coca-Cola Europacific Partners by 61.3% during the 2nd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $34,000 after buying an additional 138 shares during the last quarter. Westerkirk Capital Inc. acquired a new stake in shares of Coca-Cola Europacific Partners during the second quarter worth approximately $37,000. Finally, MAI Capital Management increased its stake in shares of Coca-Cola Europacific Partners by 113.4% in the second quarter. MAI Capital Management now owns 414 shares of the company’s stock worth $38,000 after buying an additional 220 shares during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ CCEP opened at $110.43 on Monday. Coca-Cola Europacific Partners has a 12-month low of $80.70 and a 12-month high of $110.90. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.80 and a quick ratio of 0.60. The stock’s 50 day simple moving average is $94.34 and its 200 day simple moving average is $91.50.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research report on Tuesday, January 27th. Evercore reissued an “outperform” rating and issued a $112.00 price objective on shares of Coca-Cola Europacific Partners in a report on Wednesday, February 18th. Bank of America reaffirmed a “neutral” rating and set a $96.00 target price (down from $102.00) on shares of Coca-Cola Europacific Partners in a report on Wednesday, January 14th. Finally, The Goldman Sachs Group lifted their target price on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Seven analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $107.71.

About Coca-Cola Europacific Partners

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.