Inceptionr LLC Sells 6,566 Shares of Coca-Cola Europacific Partners $CCEP

Inceptionr LLC lessened its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 52.6% in the 3rd quarter, according to its most recent disclosure with the SEC. 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 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Natixis Advisors LLC lifted its stake in Coca-Cola Europacific Partners by 1.5% in the third quarter. Natixis Advisors LLC now owns 275,203 shares of the company’s stock worth $24,881,000 after acquiring an additional 4,181 shares during the period. First Trust Advisors LP increased its position in Coca-Cola Europacific Partners by 4.6% during the 3rd 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 raised its holdings in shares of Coca-Cola Europacific Partners by 16.2% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 14,388 shares of the company’s stock valued at $1,301,000 after purchasing an additional 2,005 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Coca-Cola Europacific Partners by 3.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 54,362 shares of the company’s stock worth $4,911,000 after purchasing an additional 1,698 shares during the period. Finally, Picton Mahoney Asset Management purchased a new stake in shares of Coca-Cola Europacific Partners in the 3rd quarter worth approximately $730,000. Institutional investors own 31.35% of the company’s stock.

Analysts Set New Price Targets

CCEP has been the topic of several research reports. JPMorgan Chase & Co. lifted their price objective on shares of Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. The Goldman Sachs Group increased their target price on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Bank of America reissued a “neutral” rating and issued a $96.00 price target (down from $102.00) on shares of Coca-Cola Europacific Partners in a research report on Wednesday, January 14th. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Tuesday, January 27th. Finally, Citigroup reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, February 19th. Seven equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $107.71.

Coca-Cola Europacific Partners Price Performance

CCEP stock opened at $101.72 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23. Coca-Cola Europacific Partners has a 52 week low of $80.70 and a 52 week high of $110.90. The firm has a 50 day moving average of $95.98 and a 200 day moving average of $92.12.

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.