Groupe la Francaise Raises Position in Coca-Cola Europacific Partners $CCEP

by · The Cerbat Gem

Groupe la Francaise lifted its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP – Free Report) by 10.5% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 64,041 shares of the company’s stock after buying an additional 6,101 shares during the period. Groupe la Francaise’s holdings in Coca-Cola Europacific Partners were worth $6,427,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CCEP. Bayban purchased a new stake in Coca-Cola Europacific Partners in the 4th quarter valued at $25,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Coca-Cola Europacific Partners by 407.1% in the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the company’s stock worth $32,000 after acquiring an additional 285 shares in the last quarter. Whipplewood Advisors LLC grew its stake in shares of Coca-Cola Europacific Partners by 1,537.5% in the 1st quarter. Whipplewood Advisors LLC now owns 393 shares of the company’s stock worth $36,000 after acquiring an additional 369 shares in the last quarter. Quarry LP raised its holdings in shares of Coca-Cola Europacific Partners by 59.1% in the fourth quarter. Quarry LP now owns 393 shares of the company’s stock valued at $36,000 after purchasing an additional 146 shares during the last quarter. Finally, 1248 Management LLC bought a new position in shares of Coca-Cola Europacific Partners during the fourth quarter valued at about $38,000. Institutional investors own 31.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on CCEP shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, July 2nd. Weiss Ratings raised Coca-Cola Europacific Partners from a “buy (b)” rating to a “buy (b+)” rating in a research report on Thursday, August 27th. Sanford C. Bernstein restated a “market perform” rating and issued a $106.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Wednesday, August 5th. Barclays raised their target price on Coca-Cola Europacific Partners from $114.00 to $119.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Finally, UBS Group downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “neutral” rating and reduced their target price for the company from $109.00 to $107.00 in a research report on Thursday, August 13th. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $108.44.

View Our Latest Analysis on Coca-Cola Europacific Partners

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP opened at $105.76 on Tuesday. Coca-Cola Europacific Partners has a fifty-two week low of $84.65 and a fifty-two week high of $113.67. The business has a 50-day moving average of $107.06 and a 200 day moving average of $100.50. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.89 and a quick ratio of 0.68.

About Coca-Cola Europacific Partners

(Free Report)

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.

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