Coca-Cola Europacific Partners $CCEP Shares Acquired by Vestcor Inc

Vestcor Inc increased its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 14.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,665 shares of the company’s stock after acquiring an additional 10,125 shares during the quarter. Vestcor Inc’s holdings in Coca-Cola Europacific Partners were worth $7,293,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of CCEP. Mirae Asset Global Investments Co. Ltd. grew its position in Coca-Cola Europacific Partners by 13.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 123,094 shares of the company’s stock worth $11,129,000 after acquiring an additional 14,670 shares during the period. First Trust Advisors LP raised its position in Coca-Cola Europacific Partners by 148.4% in the second quarter. First Trust Advisors LP now owns 1,005,817 shares of the company’s stock valued at $93,259,000 after purchasing an additional 600,962 shares during the period. Profund Advisors LLC raised its position in Coca-Cola Europacific Partners by 14.1% in the second quarter. Profund Advisors LLC now owns 34,161 shares of the company’s stock valued at $3,167,000 after purchasing an additional 4,226 shares during the period. iA Global Asset Management Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 11.8% in the 3rd quarter. iA Global Asset Management Inc. now owns 124,169 shares of the company’s stock valued at $11,226,000 after purchasing an additional 13,135 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 2.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,189,955 shares of the company’s stock valued at $197,994,000 after purchasing an additional 47,240 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Analyst Upgrades and Downgrades

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

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $101.66 on Tuesday. The business’s fifty day moving average price is $95.78 and its 200 day moving average price is $92.04. Coca-Cola Europacific Partners has a 12-month low of $80.70 and a 12-month 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.