Capricorn Fund Managers Ltd Makes New Investment in Coca-Cola Europacific Partners $CCEP

Capricorn Fund Managers Ltd acquired a new position in Coca-Cola Europacific Partners (NASDAQ:CCEP) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 12,600 shares of the company’s stock, valued at approximately $1,143,000.

Other institutional investors have also recently modified their holdings of the company. Mather Group LLC. purchased a new stake in Coca-Cola Europacific Partners in the third quarter worth approximately $31,000. First Command Advisory Services Inc. raised its stake in shares of 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 acquiring an additional 342 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. raised its stake in shares of Coca-Cola Europacific Partners by 125.3% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 446 shares of the company’s stock worth $40,000 after acquiring an additional 248 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 30.7% in the 3rd quarter. GAMMA Investing LLC now owns 672 shares of the company’s stock worth $61,000 after acquiring an additional 158 shares during the last quarter. Finally, Bayforest Capital Ltd lifted its holdings in shares of Coca-Cola Europacific Partners by 802.2% in the 3rd quarter. Bayforest Capital Ltd now owns 803 shares of the company’s stock worth $73,000 after acquiring an additional 714 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ CCEP opened at $92.48 on Monday. The firm’s fifty day moving average is $98.18 and its 200 day moving average is $92.86. Coca-Cola Europacific Partners has a 52 week low of $81.00 and a 52 week high of $110.90. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. The Goldman Sachs Group increased their target price on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. JPMorgan Chase & Co. boosted 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 note on Wednesday, February 18th. Evercore restated an “outperform” rating and set a $112.00 price target on shares of Coca-Cola Europacific Partners in a research report on Wednesday, February 18th. Barclays lifted their price objective on Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Finally, UBS Group boosted their target price on Coca-Cola Europacific Partners from $103.00 to $118.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.