Coca-Cola Europacific Partners $CCEP Shares Purchased by Alliancebernstein L.P.

Alliancebernstein L.P. raised its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 17.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,441,215 shares of the company’s stock after acquiring an additional 209,422 shares during the quarter. Alliancebernstein L.P. owned 0.31% of Coca-Cola Europacific Partners worth $130,300,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CCEP. Mather Group LLC. purchased a new position in shares of Coca-Cola Europacific Partners in the third quarter valued at $31,000. First Command Advisory Services Inc. boosted its position in 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 valued at $33,000 after buying an additional 342 shares during the last quarter. Westerkirk Capital Inc. acquired a new stake in shares of Coca-Cola Europacific Partners during the second quarter valued at about $37,000. MAI Capital Management grew its stake in shares of Coca-Cola Europacific Partners by 113.4% during the second quarter. MAI Capital Management now owns 414 shares of the company’s stock valued at $38,000 after acquiring an additional 220 shares in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. lifted its stake in shares of Coca-Cola Europacific Partners by 125.3% in the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 446 shares of the company’s stock worth $40,000 after acquiring an additional 248 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on CCEP shares. UBS Group raised their price objective on Coca-Cola Europacific Partners from $103.00 to $118.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $114.00 target price on shares of Coca-Cola Europacific Partners in a research report on Thursday, January 8th. JPMorgan Chase & Co. lifted their price target on shares of Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Evercore reaffirmed an “outperform” rating and issued a $112.00 price target on shares of Coca-Cola Europacific Partners in a report on Wednesday, February 18th. Finally, The Goldman Sachs Group increased their price objective on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a research note 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 data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.71.

Coca-Cola Europacific Partners Stock Up 0.1%

Shares of NASDAQ CCEP opened at $100.61 on Tuesday. Coca-Cola Europacific Partners has a twelve month low of $81.00 and a twelve month high of $110.90. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23. The business has a 50 day simple moving average of $96.91 and a 200-day simple moving average of $92.45.

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.