Entropy Technologies LP Acquires Shares of 7,400 Coca-Cola Europacific Partners $CCEP

Entropy Technologies LP bought a new position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) during the first quarter, according to its most recent filing with the SEC. The fund bought 7,400 shares of the company’s stock, valued at approximately $671,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Bayban purchased a new stake in Coca-Cola Europacific Partners during the fourth quarter worth about $25,000. Annis Gardner Whiting Capital Advisors LLC grew its position in shares of Coca-Cola Europacific Partners by 407.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the company’s stock valued at $32,000 after acquiring an additional 285 shares during the period. Whipplewood Advisors LLC increased its stake in shares of Coca-Cola Europacific Partners by 1,537.5% during the 1st quarter. Whipplewood Advisors LLC now owns 393 shares of the company’s stock worth $36,000 after purchasing an additional 369 shares during the last quarter. Quarry LP raised its holdings in shares of Coca-Cola Europacific Partners by 59.1% in the 4th quarter. Quarry LP now owns 393 shares of the company’s stock worth $36,000 after purchasing an additional 146 shares during the period. Finally, 1248 Management LLC purchased a new position in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $38,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Down 0.3%

Shares of CCEP opened at $111.10 on Thursday. Coca-Cola Europacific Partners has a twelve month low of $84.65 and a twelve month high of $113.67. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23. The business’s 50-day moving average price is $100.39 and its 200-day moving average price is $97.56.

Analyst Upgrades and Downgrades

CCEP has been the topic of several research reports. Wells Fargo & Company boosted their target price on Coca-Cola Europacific Partners from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. UBS Group upped their price objective on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Barclays increased their target price on shares of Coca-Cola Europacific Partners from $108.00 to $114.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 21st. Weiss Ratings cut shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, July 2nd. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $107.88.

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.