Coca-Cola Europacific Partners $CCEP Position Boosted by Cumberland Partners Ltd

Cumberland Partners Ltd lifted its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 90.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,920 shares of the company’s stock after purchasing an additional 22,780 shares during the quarter. Cumberland Partners Ltd’s holdings in Coca-Cola Europacific Partners were worth $4,332,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. AQR Capital Management LLC boosted its stake in shares of Coca-Cola Europacific Partners by 10.5% during the 1st quarter. AQR Capital Management LLC now owns 7,131 shares of the company’s stock valued at $621,000 after buying an additional 677 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of Coca-Cola Europacific Partners by 23.9% in the first quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock worth $70,000 after acquiring an additional 156 shares during the last quarter. CWM LLC raised its holdings in shares of Coca-Cola Europacific Partners by 13.3% during the second quarter. CWM LLC now owns 1,136 shares of the company’s stock worth $105,000 after acquiring an additional 133 shares in the last quarter. Sequoia Financial Advisors LLC acquired a new stake in Coca-Cola Europacific Partners during the second quarter valued at $230,000. Finally, Ethic Inc. grew its stake in Coca-Cola Europacific Partners by 6.5% in the second quarter. Ethic Inc. now owns 19,821 shares of the company’s stock valued at $1,806,000 after purchasing an additional 1,218 shares in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Up 0.2%

CCEP stock opened at $104.67 on Thursday. The company has a 50-day moving average of $92.09 and a two-hundred day moving average of $90.88. Coca-Cola Europacific Partners has a 52-week low of $80.70 and a 52-week high of $105.44. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $114.00 price objective on shares of Coca-Cola Europacific Partners in a report on Thursday, January 8th. Barclays reiterated an “overweight” rating and issued a $111.00 target price on shares of Coca-Cola Europacific Partners in a research note on Thursday. The Goldman Sachs Group increased their price target on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Citigroup restated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, January 9th. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock 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.