Coca-Cola Europacific Partners $CCEP Shares Sold by 111 Capital

111 Capital reduced its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 43.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,422 shares of the company’s stock after selling 12,697 shares during the period. 111 Capital’s holdings in Coca-Cola Europacific Partners were worth $1,486,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in CCEP. Mirae Asset Global Investments Co. Ltd. boosted its stake in 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 purchasing an additional 14,670 shares in the last quarter. First Trust Advisors LP increased its stake 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 in the last quarter. iA Global Asset Management Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 11.8% in the third 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 lifted its stake in shares of Coca-Cola Europacific Partners by 14.1% during 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 shares of Coca-Cola Europacific Partners by 2.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,189,955 shares of the company’s stock worth $197,994,000 after buying an additional 47,240 shares during the period. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Up 1.9%

Shares of NASDAQ:CCEP opened at $110.43 on Monday. 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 has a 12-month low of $80.70 and a 12-month high of $110.90. The business has a 50 day moving average of $94.34 and a two-hundred day moving average of $91.50.

Analyst Ratings Changes

Several equities analysts recently issued reports on CCEP shares. JPMorgan Chase & Co. upped their target price 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. Barclays boosted their price target on Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Tuesday, January 27th. UBS Group upped their target price 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. Finally, Evercore reiterated an “outperform” rating and issued a $112.00 price target on shares of Coca-Cola Europacific Partners in a report on Wednesday, February 18th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average 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.