Coca-Cola Europacific Partners $CCEP Shares Sold by Inceptionr LLC

Inceptionr LLC lowered its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 52.6% during the third quarter, Holdings Channel.com reports. The institutional investor owned 5,906 shares of the company’s stock after selling 6,566 shares during the period. Inceptionr LLC’s holdings in Coca-Cola Europacific Partners were worth $534,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of CCEP. Mather Group LLC. acquired a new stake in Coca-Cola Europacific Partners during the 3rd quarter valued at approximately $31,000. First Command Advisory Services Inc. raised its holdings 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 purchasing an additional 342 shares during the last quarter. First Horizon Advisors Inc. lifted its position in Coca-Cola Europacific Partners by 61.3% during the second quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $34,000 after purchasing an additional 138 shares during the period. Westerkirk Capital Inc. acquired a new position in Coca-Cola Europacific Partners during the second quarter valued at $37,000. Finally, MAI Capital Management boosted its holdings in Coca-Cola Europacific Partners by 113.4% in the second quarter. MAI Capital Management now owns 414 shares of the company’s stock valued at $38,000 after purchasing an additional 220 shares during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Up 0.1%

Shares of NASDAQ:CCEP opened at $101.72 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23. The business’s 50 day moving average price is $95.98 and its 200-day moving average price is $92.12. Coca-Cola Europacific Partners has a 1 year low of $80.70 and a 1 year high of $110.90.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CCEP shares. Bank of America reissued a “neutral” rating and issued a $96.00 price objective (down from $102.00) on shares of Coca-Cola Europacific Partners in a report on Wednesday, January 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research report on Tuesday, January 27th. Evercore reissued an “outperform” rating and set a $112.00 target price on shares of Coca-Cola Europacific Partners in a research note on Wednesday, February 18th. JPMorgan Chase & Co. lifted their price target on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a research note on Wednesday, February 18th. Finally, The Goldman Sachs Group increased their price target on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price 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.