Coca-Cola Europacific Partners $CCEP Shares Sold by Nordea Investment Management AB

Nordea Investment Management AB decreased its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 6.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,089,910 shares of the company’s stock after selling 81,058 shares during the period. Nordea Investment Management AB owned about 0.24% of Coca-Cola Europacific Partners worth $99,193,000 at the end of the most recent reporting period.

Other institutional investors have also recently added to or reduced their stakes in the company. Choreo LLC increased its position in shares of Coca-Cola Europacific Partners by 4.5% in the 2nd quarter. Choreo LLC now owns 2,733 shares of the company’s stock worth $253,000 after purchasing an additional 118 shares during the last quarter. Park Avenue Securities LLC lifted its position in shares of Coca-Cola Europacific Partners by 1.9% during the fourth quarter. Park Avenue Securities LLC now owns 6,373 shares of the company’s stock worth $578,000 after purchasing an additional 119 shares during the last quarter. Concurrent Investment Advisors LLC grew its stake in Coca-Cola Europacific Partners by 2.9% in the third quarter. Concurrent Investment Advisors LLC now owns 4,323 shares of the company’s stock worth $391,000 after purchasing an additional 123 shares in the last quarter. Legacy Wealth Asset Management LLC grew its stake in Coca-Cola Europacific Partners by 0.5% in the third quarter. Legacy Wealth Asset Management LLC now owns 25,773 shares of the company’s stock worth $2,330,000 after purchasing an additional 131 shares in the last quarter. Finally, Versant Capital Management Inc increased its holdings in Coca-Cola Europacific Partners by 8.7% in the third quarter. Versant Capital Management Inc now owns 1,658 shares of the company’s stock valued at $150,000 after buying an additional 132 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

CCEP has been the topic of several research reports. UBS Group upped their price target on Coca-Cola Europacific Partners from $103.00 to $118.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Evercore reaffirmed an “outperform” rating and issued a $112.00 price objective on shares of Coca-Cola Europacific Partners in a report on Wednesday, February 18th. JPMorgan Chase & Co. boosted their target price on shares of Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. Citigroup reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, February 19th. Finally, The Goldman Sachs Group raised their price target on shares of 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 investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.71.

Coca-Cola Europacific Partners Trading Down 3.3%

Coca-Cola Europacific Partners stock opened at $91.62 on Monday. 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 one year low of $81.00 and a one year high of $110.90. The company has a 50-day simple moving average of $97.61 and a 200-day simple moving average of $92.67.

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.