JPMorgan Chase & Co. Lowers Stock Holdings in Coca-Cola Europacific Partners $CCEP

JPMorgan Chase & Co. lowered its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 23.1% in the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 1,743,596 shares of the company’s stock after selling 522,974 shares during the period. JPMorgan Chase & Co.’s holdings in Coca-Cola Europacific Partners were worth $157,639,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mather Group LLC. purchased a new stake in Coca-Cola Europacific Partners during the 3rd quarter valued at approximately $31,000. First Command Advisory Services Inc. boosted its position 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 acquiring an additional 342 shares during the last quarter. First Horizon Advisors Inc. grew its stake 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 acquiring an additional 138 shares in the last quarter. Westerkirk Capital Inc. bought a new stake in Coca-Cola Europacific Partners in the 2nd quarter valued at $37,000. Finally, MAI Capital Management lifted its stake in Coca-Cola Europacific Partners by 113.4% in the 2nd quarter. MAI Capital Management now owns 414 shares of the company’s stock worth $38,000 after purchasing an additional 220 shares in the last quarter. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Stock Up 1.0%

Shares of NASDAQ:CCEP opened at $105.70 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.65 and a debt-to-equity ratio of 1.23. Coca-Cola Europacific Partners has a 12 month low of $80.70 and a 12 month high of $106.04. The firm’s 50-day moving average is $92.70 and its 200 day moving average is $90.98.

Wall Street Analyst Weigh In

CCEP has been the topic of a number of research analyst reports. Barclays boosted their target price on Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday. The Goldman Sachs Group lifted their price objective on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday. UBS Group increased their target price on Coca-Cola Europacific Partners from $103.00 to $118.00 and gave the company a “buy” rating in a research report on Wednesday. Evercore reissued an “outperform” rating and issued a $112.00 target price on shares of Coca-Cola Europacific Partners in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $114.00 price target on shares of Coca-Cola Europacific Partners in a research note on Thursday, January 8th. Seven investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $107.71.

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.