Compound Planning Inc. Has $209,000 Stock Position in Coca-Cola Europacific Partners $CCEP

Compound Planning Inc. cut its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 69.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,309 shares of the company’s stock after selling 5,198 shares during the period. Compound Planning Inc.’s holdings in Coca-Cola Europacific Partners were worth $209,000 at the end of the most recent reporting period.

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

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ CCEP opened at $105.23 on Wednesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.60 and a current ratio of 0.80. The stock’s 50 day moving average price is $94.95 and its 200-day moving average price is $91.72. Coca-Cola Europacific Partners has a twelve month low of $80.70 and a twelve month high of $110.90.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on CCEP shares. Evercore reiterated an “outperform” rating and set a $112.00 price objective on shares of Coca-Cola Europacific Partners in a report on Wednesday, February 18th. Citigroup reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, February 19th. Barclays increased their price objective on Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $114.00 target price on shares of Coca-Cola Europacific Partners in a research report on Thursday, January 8th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a report on Tuesday, January 27th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and a consensus 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.