Caprock Group LLC Purchases New Stake in Coca-Cola Europacific Partners $CCEP

Caprock Group LLC bought a new stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 9,543 shares of the company’s stock, valued at approximately $848,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Coca-Cola Europacific Partners by 13.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 123,094 shares of the company’s stock worth $11,129,000 after buying an additional 14,670 shares during the last quarter. First Trust Advisors LP boosted its position in Coca-Cola Europacific Partners by 148.4% during the 2nd quarter. First Trust Advisors LP now owns 1,005,817 shares of the company’s stock valued at $93,259,000 after purchasing an additional 600,962 shares during the period. iA Global Asset Management Inc. grew its stake in Coca-Cola Europacific Partners by 11.8% during the 3rd quarter. iA Global Asset Management Inc. now owns 124,169 shares of the company’s stock worth $11,226,000 after buying an additional 13,135 shares during the last quarter. Profund Advisors LLC increased its position in Coca-Cola Europacific Partners by 14.1% in the second quarter. Profund Advisors LLC now owns 34,161 shares of the company’s stock worth $3,167,000 after buying an additional 4,226 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in Coca-Cola Europacific Partners by 2.2% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,189,955 shares of the company’s stock valued at $197,994,000 after buying an additional 47,240 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

CCEP has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $114.00 price target on shares of Coca-Cola Europacific Partners in a research report on Thursday, January 8th. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research report on Tuesday, January 27th. Barclays restated an “overweight” rating and issued a $101.00 target price on shares of Coca-Cola Europacific Partners in a research report on Friday, January 16th. Bank of America restated a “neutral” rating and set a $96.00 price objective (down from $102.00) on shares of Coca-Cola Europacific Partners in a research note on Wednesday, January 14th. Finally, Citigroup reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, January 9th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $100.80.

Coca-Cola Europacific Partners Price Performance

NASDAQ:CCEP opened at $99.51 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15. The business’s 50-day moving average price is $91.31 and its 200 day moving average price is $90.71. Coca-Cola Europacific Partners has a 52-week low of $80.70 and a 52-week high of $100.67.

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.