First Trust Advisors LP Acquires 46,175 Shares of Coca-Cola Europacific Partners $CCEP

First Trust Advisors LP lifted its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 4.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,051,992 shares of the company’s stock after buying an additional 46,175 shares during the quarter. First Trust Advisors LP’s holdings in Coca-Cola Europacific Partners were worth $95,111,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Choreo LLC grew its stake in Coca-Cola Europacific Partners by 4.5% in the 2nd quarter. Choreo LLC now owns 2,733 shares of the company’s stock valued at $253,000 after buying an additional 118 shares in the last quarter. Concurrent Investment Advisors LLC lifted its position in shares of Coca-Cola Europacific Partners by 2.9% during the third quarter. Concurrent Investment Advisors LLC now owns 4,323 shares of the company’s stock worth $391,000 after acquiring an additional 123 shares in the last quarter. Legacy Wealth Asset Management LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 0.5% in the third quarter. Legacy Wealth Asset Management LLC now owns 25,773 shares of the company’s stock worth $2,330,000 after acquiring an additional 131 shares during the period. Versant Capital Management Inc grew its position in shares of Coca-Cola Europacific Partners by 8.7% in the third quarter. Versant Capital Management Inc now owns 1,658 shares of the company’s stock valued at $150,000 after purchasing an additional 132 shares in the last quarter. Finally, First Horizon Advisors Inc. grew its position in shares of Coca-Cola Europacific Partners by 61.3% in the second quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $34,000 after purchasing an additional 138 shares in the last quarter. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Stock Up 1.4%

Coca-Cola Europacific Partners stock opened at $101.66 on Tuesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.60 and a current ratio of 0.80. The business has a 50-day simple moving average of $95.78 and a 200 day simple moving average of $92.04. Coca-Cola Europacific Partners has a 52 week low of $80.70 and a 52 week high of $110.90.

Analysts Set New Price Targets

A number of analysts recently issued reports on CCEP shares. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $114.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Thursday, January 8th. The Goldman Sachs Group lifted their target price on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. UBS Group upped their price target on Coca-Cola Europacific Partners from $103.00 to $118.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Evercore reissued an “outperform” rating and issued a $112.00 price target on shares of Coca-Cola Europacific Partners in a report on Wednesday, February 18th. Finally, Citigroup restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, February 19th. Seven equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and a consensus price target of $107.71.

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.