Swiss Life Asset Management Ltd Has $4.76 Million Position in Coca-Cola Europacific Partners $CCEP

Swiss Life Asset Management Ltd decreased its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 26.2% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 52,671 shares of the company’s stock after selling 18,695 shares during the period. Swiss Life Asset Management Ltd’s holdings in Coca-Cola Europacific Partners were worth $4,762,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in CCEP. Choreo LLC boosted its holdings in Coca-Cola Europacific Partners by 4.5% in the second quarter. Choreo LLC now owns 2,733 shares of the company’s stock valued at $253,000 after acquiring an additional 118 shares during the last quarter. Concurrent Investment Advisors LLC raised its holdings in Coca-Cola Europacific Partners by 2.9% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 4,323 shares of the company’s stock worth $391,000 after purchasing an additional 123 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its position in shares of Coca-Cola Europacific Partners by 0.5% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 25,773 shares of the company’s stock worth $2,330,000 after purchasing an additional 131 shares during the period. Versant Capital Management Inc lifted its position in shares of Coca-Cola Europacific Partners by 8.7% in the 3rd quarter. Versant Capital Management Inc now owns 1,658 shares of the company’s stock worth $150,000 after purchasing an additional 132 shares during the period. Finally, Aviso Financial Inc. boosted its stake in shares of Coca-Cola Europacific Partners by 4.4% in the 2nd quarter. Aviso Financial Inc. now owns 3,443 shares of the company’s stock valued at $319,000 after purchasing an additional 145 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

CCEP has been the subject of several recent analyst reports. Evercore reiterated an “outperform” rating and set a $112.00 price objective on shares of Coca-Cola Europacific Partners in a research report on Wednesday, February 18th. Bank of America reaffirmed a “neutral” rating and set a $96.00 price target (down from $102.00) on shares of Coca-Cola Europacific Partners in a research report on Wednesday, January 14th. Citigroup reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, February 19th. UBS Group lifted their price objective on Coca-Cola Europacific Partners from $103.00 to $118.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Finally, The Goldman Sachs Group upped 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. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s 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 Down 3.3%

Coca-Cola Europacific Partners stock opened at $91.62 on Friday. 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 12-month low of $81.00 and a 12-month high of $110.90. The firm’s fifty day moving average is $97.61 and its 200 day moving average is $92.63.

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.