Coca-Cola Europacific Partners $CCEP Shares Sold by Korea Investment CORP

Korea Investment CORP decreased its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 9.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 169,934 shares of the company’s stock after selling 18,460 shares during the period. Korea Investment CORP’s holdings in Coca-Cola Europacific Partners were worth $15,382,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. First Trust Advisors LP boosted its stake in shares of Coca-Cola Europacific Partners by 4.6% in the third quarter. First Trust Advisors LP now owns 1,051,992 shares of the company’s stock valued at $95,111,000 after purchasing an additional 46,175 shares during the period. Orion Porfolio Solutions LLC increased its stake in Coca-Cola Europacific Partners by 16.2% during the 3rd quarter. Orion Porfolio Solutions LLC now owns 14,388 shares of the company’s stock worth $1,301,000 after buying an additional 2,005 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Coca-Cola Europacific Partners by 3.2% during the 3rd quarter. Dimensional Fund Advisors LP now owns 54,362 shares of the company’s stock worth $4,911,000 after buying an additional 1,698 shares in the last quarter. Picton Mahoney Asset Management acquired a new stake in Coca-Cola Europacific Partners during the 3rd quarter worth approximately $730,000. Finally, CI Investments Inc. boosted its position in Coca-Cola Europacific Partners by 3.9% in the 3rd quarter. CI Investments Inc. now owns 284,991 shares of the company’s stock valued at $25,766,000 after buying an additional 10,601 shares during the period. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Barclays increased their price objective on Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. The Goldman Sachs Group upped their price target on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $114.00 price target on shares of Coca-Cola Europacific Partners in a research report on Thursday, January 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research report on Tuesday, January 27th. Finally, UBS Group upped their target price on shares of Coca-Cola Europacific Partners from $103.00 to $118.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $107.71.

Coca-Cola Europacific Partners Trading Up 0.1%

NASDAQ:CCEP opened at $101.72 on Wednesday. The business’s fifty day moving average price is $95.98 and its 200 day moving average price is $92.12. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.80 and a quick ratio of 0.60. Coca-Cola Europacific Partners has a 12 month low of $80.70 and a 12 month high of $110.90.

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.