Coca-Cola Europacific Partners $CCEP Position Cut by Aberdeen Group plc

Aberdeen Group plc lowered its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 22.2% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 29,734 shares of the company’s stock after selling 8,478 shares during the period. Aberdeen Group plc’s holdings in Coca-Cola Europacific Partners were worth $2,688,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of CCEP. Assetmark Inc. boosted its stake in Coca-Cola Europacific Partners by 76.0% during the 3rd quarter. Assetmark Inc. now owns 1,051 shares of the company’s stock valued at $95,000 after purchasing an additional 454 shares during the period. Public Sector Pension Investment Board boosted its position in shares of Coca-Cola Europacific Partners by 10.0% during the third quarter. Public Sector Pension Investment Board now owns 152,283 shares of the company’s stock worth $13,768,000 after buying an additional 13,800 shares during the period. Cibc World Market Inc. grew its holdings in Coca-Cola Europacific Partners by 1.1% in the 3rd quarter. Cibc World Market Inc. now owns 23,691 shares of the company’s stock worth $2,142,000 after buying an additional 258 shares in the last quarter. Caprock Group LLC acquired a new stake in Coca-Cola Europacific Partners in the 3rd quarter valued at approximately $848,000. Finally, MQS Management LLC acquired a new stake in Coca-Cola Europacific Partners in the 3rd quarter valued at approximately $485,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Up 1.0%

NASDAQ:CCEP opened at $105.70 on Friday. The company has a 50-day moving average of $92.70 and a 200-day moving average of $90.98. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.65 and a current ratio of 0.80. Coca-Cola Europacific Partners has a twelve month low of $80.70 and a twelve month high of $106.04.

Analyst Ratings Changes

A number of research analysts have issued reports on the company. Barclays boosted their price target on Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday. Citigroup reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday. UBS Group increased their target price on shares of Coca-Cola Europacific Partners from $103.00 to $118.00 and gave the company a “buy” rating in a research report on Wednesday. Bank of America reissued a “neutral” rating and set a $96.00 target price (down previously from $102.00) on shares of Coca-Cola Europacific Partners in a research note on Wednesday, January 14th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $114.00 price target on shares of Coca-Cola Europacific Partners in a research note on Thursday, January 8th. Seven equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Coca-Cola Europacific Partners currently has an average rating of “Moderate Buy” and a consensus target price of $107.71.

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.