5,369 Shares in Coca-Cola Europacific Partners $CCEP Bought by MQS Management LLC

MQS Management LLC purchased a new stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 5,369 shares of the company’s stock, valued at approximately $485,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. 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. boosted its stake in shares of Coca-Cola Europacific Partners by 1,800.0% in the 3rd quarter. First Command Advisory Services Inc. now owns 361 shares of the company’s stock valued at $33,000 after purchasing an additional 342 shares during the last quarter. First Horizon Advisors Inc. increased its position in shares of Coca-Cola Europacific Partners by 61.3% during the second quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $34,000 after buying an additional 138 shares during the period. Westerkirk Capital Inc. bought a new position in Coca-Cola Europacific Partners during the second quarter worth $37,000. Finally, MAI Capital Management lifted 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 buying an additional 220 shares during the period. 31.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CCEP has been the subject of a number of recent analyst reports. Bank of America reiterated a “neutral” rating and set a $96.00 price target (down from $102.00) on shares of Coca-Cola Europacific Partners in a report on Wednesday, January 14th. Barclays reaffirmed an “overweight” rating and set a $101.00 target price on shares of Coca-Cola Europacific Partners in a research note on Friday, January 16th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $114.00 price target on shares of Coca-Cola Europacific Partners in a report on Thursday, January 8th. Citigroup reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Friday, January 9th. Finally, UBS Group cut their target price on shares of Coca-Cola Europacific Partners from $105.00 to $103.00 and set a “buy” rating on the stock in a research note on Thursday, January 8th. Six investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $100.80.

Coca-Cola Europacific Partners Stock Up 1.6%

Shares of CCEP opened at $97.69 on Thursday. Coca-Cola Europacific Partners has a 52 week low of $80.70 and a 52 week high of $100.67. The stock has a 50 day moving average price of $90.97 and a two-hundred day moving average price of $90.76. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65.

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.