10,694 Shares in Coca-Cola Europacific Partners $CCEP Purchased by Cantor Fitzgerald L. P.

Cantor Fitzgerald L. P. acquired a new stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 10,694 shares of the company’s stock, valued at approximately $967,000.

Other large investors also recently bought and sold shares of the company. Mather Group LLC. acquired a new stake in shares of Coca-Cola Europacific Partners during the third quarter valued at about $31,000. First Command Advisory Services Inc. lifted its holdings in shares of Coca-Cola Europacific Partners by 1,800.0% in the 3rd quarter. First Command Advisory Services Inc. now owns 361 shares of the company’s stock worth $33,000 after acquiring an additional 342 shares during the last quarter. Westerkirk Capital Inc. purchased a new position in shares of Coca-Cola Europacific Partners during the 2nd quarter worth approximately $37,000. 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 purchasing an additional 220 shares during the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. increased its holdings in Coca-Cola Europacific Partners by 125.3% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 446 shares of the company’s stock valued at $40,000 after purchasing an additional 248 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $100.46 on Monday. Coca-Cola Europacific Partners has a 52 week low of $81.00 and a 52 week high of $110.90. The company has a fifty day simple moving average of $96.65 and a two-hundred day simple moving average of $92.37. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.60 and a current ratio of 0.80.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Barclays upped their price target on Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the stock an “overweight” rating in a research note on Thursday, February 19th. Evercore reiterated an “outperform” rating and issued a $112.00 price objective on shares of Coca-Cola Europacific Partners in a report on Wednesday, February 18th. JPMorgan Chase & Co. increased their target price on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Bank of America restated a “neutral” rating and set a $96.00 target price (down from $102.00) on shares of Coca-Cola Europacific Partners in a report on Wednesday, January 14th. Finally, Citigroup reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, February 19th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and a consensus price target of $107.71.

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.