TD Waterhouse Canada Inc. Acquires 6,979 Shares of Coca-Cola Europacific Partners $CCEP

TD Waterhouse Canada Inc. raised its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 5.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 145,294 shares of the company’s stock after purchasing an additional 6,979 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Coca-Cola Europacific Partners were worth $15,373,000 as of its most recent filing with the Securities & Exchange Commission.

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

Coca-Cola Europacific Partners Stock Down 3.1%

NASDAQ CCEP opened at $105.76 on Friday. Coca-Cola Europacific Partners has a 12 month low of $84.65 and a 12 month high of $113.67. The company’s 50-day moving average price is $106.97 and its 200-day moving average price is $100.48. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.68 and a current ratio of 0.89.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CCEP shares. Sanford C. Bernstein restated a “market perform” rating and set a $106.00 price objective on shares of Coca-Cola Europacific Partners in a research report on Wednesday, August 5th. UBS Group downgraded Coca-Cola Europacific Partners from a “buy” rating to a “neutral” rating and cut their target price for the company from $109.00 to $107.00 in a research report on Thursday, August 13th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, July 2nd. Weiss Ratings raised shares of Coca-Cola Europacific Partners from a “buy (b)” rating to a “buy (b+)” rating in a research note on Thursday, August 27th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $92.00 price objective on shares of Coca-Cola Europacific Partners in a research report on Friday. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and a consensus target price of $108.44.

Coca-Cola Europacific Partners Company 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.