10,843 Shares in Coca-Cola Europacific Partners $CCEP Acquired by Intech Investment Management LLC

Intech Investment Management LLC acquired a new position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 10,843 shares of the company’s stock, valued at approximately $980,000.

Other institutional investors have also recently modified their holdings of the company. Mather Group LLC. bought a new position in shares of Coca-Cola Europacific Partners in the third quarter worth $31,000. First Command Advisory Services Inc. lifted its position in Coca-Cola Europacific Partners by 1,800.0% during the third quarter. First Command Advisory Services Inc. now owns 361 shares of the company’s stock worth $33,000 after purchasing an additional 342 shares during the period. First Horizon Advisors Inc. grew its stake in Coca-Cola Europacific Partners by 61.3% during the second quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $34,000 after buying an additional 138 shares in the last quarter. Westerkirk Capital Inc. acquired a new stake in Coca-Cola Europacific Partners during the second quarter worth about $37,000. Finally, MAI Capital Management increased its holdings in Coca-Cola Europacific Partners by 113.4% in the 2nd quarter. MAI Capital Management now owns 414 shares of the company’s stock valued at $38,000 after buying an additional 220 shares during the period. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Trading Down 1.4%

Shares of Coca-Cola Europacific Partners stock opened at $100.22 on Monday. The company’s 50 day moving average price is $95.58 and its two-hundred day moving average price is $91.96. Coca-Cola Europacific Partners has a fifty-two week low of $80.70 and a fifty-two week high of $110.90. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.60 and a current ratio of 0.80.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Bank of America reaffirmed a “neutral” rating and set a $96.00 price target (down from $102.00) on shares of Coca-Cola Europacific Partners in a report on Wednesday, January 14th. JPMorgan Chase & Co. increased their price target on shares of Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research report on Tuesday, January 27th. Citigroup restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, February 19th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $114.00 target price on shares of Coca-Cola Europacific Partners in a report on Thursday, January 8th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and an average price target of $107.71.

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.