Avanza Fonder AB Makes New Investment in Coca-Cola Europacific Partners $CCEP

Avanza Fonder AB purchased a new position in Coca-Cola Europacific Partners (NASDAQ:CCEP) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 8,198 shares of the company’s stock, valued at approximately $744,000.

Several other hedge funds also recently made changes to their positions in the stock. Choreo LLC grew its position in shares of Coca-Cola Europacific Partners by 4.5% during the 2nd quarter. Choreo LLC now owns 2,733 shares of the company’s stock valued at $253,000 after purchasing an additional 118 shares in the last quarter. Park Avenue Securities LLC increased its holdings in shares of Coca-Cola Europacific Partners by 1.9% in 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 period. Concurrent Investment Advisors LLC boosted its stake in Coca-Cola Europacific Partners by 2.9% during the third quarter. Concurrent Investment Advisors LLC now owns 4,323 shares of the company’s stock valued at $391,000 after buying an additional 123 shares during the period. Legacy Wealth Asset Management LLC boosted its stake in Coca-Cola Europacific Partners by 0.5% during the third quarter. Legacy Wealth Asset Management LLC now owns 25,773 shares of the company’s stock valued at $2,330,000 after buying an additional 131 shares during the period. Finally, Versant Capital Management Inc grew its position in Coca-Cola Europacific Partners by 8.7% during the third quarter. Versant Capital Management Inc now owns 1,658 shares of the company’s stock worth $150,000 after buying an additional 132 shares in the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities analysts have weighed in on the company. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Tuesday, January 27th. JPMorgan Chase & Co. lifted their price target on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Citigroup reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, February 19th. The Goldman Sachs Group upped their price objective 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. Finally, Evercore reiterated an “outperform” rating and set a $112.00 target price on shares of Coca-Cola Europacific Partners in a research report on Wednesday, February 18th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $107.71.

Coca-Cola Europacific Partners Stock Performance

CCEP opened at $93.23 on Thursday. The business’s fifty day simple moving average is $97.85 and its 200 day simple moving average is $92.73. Coca-Cola Europacific Partners has a 52 week low of $81.00 and a 52 week 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.

Coca-Cola Europacific Partners Company 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.