Calydon Capital Trims Stake in Coca-Cola Europacific Partners $CCEP

Calydon Capital reduced its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 64.7% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 7,861 shares of the company’s stock after selling 14,387 shares during the quarter. Calydon Capital’s holdings in Coca-Cola Europacific Partners were worth $711,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of CCEP. Mather Group LLC. bought a new position in Coca-Cola Europacific Partners during the 3rd quarter valued at approximately $31,000. First Command Advisory Services Inc. lifted its position 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 purchasing an additional 342 shares during the period. Westerkirk Capital Inc. bought a new stake in shares of Coca-Cola Europacific Partners during the 2nd quarter valued at about $37,000. MAI Capital Management boosted its stake in shares of Coca-Cola Europacific Partners by 113.4% during 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 in the last quarter. Finally, E Fund Management Hong Kong Co. Ltd. increased its position 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 valued at $40,000 after buying an additional 248 shares during the period. Institutional investors own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

CCEP has been the subject of several research analyst reports. UBS Group raised their price objective on shares of Coca-Cola Europacific Partners from $103.00 to $118.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Evercore reissued an “outperform” rating and issued a $112.00 target price on shares of Coca-Cola Europacific Partners in a research report on Wednesday, February 18th. The Goldman Sachs Group raised their target price on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Citigroup restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Tuesday, January 27th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $107.71.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock opened at $100.46 on Friday. The stock has a fifty day moving average of $96.65 and a 200 day moving average of $92.34. Coca-Cola Europacific Partners has a one year low of $81.00 and a one year high of $110.90. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23.

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.