MW Advisory LLC Makes New Investment in Coca-Cola Europacific Partners $CCEP

MW Advisory LLC acquired a new position in Coca-Cola Europacific Partners (NASDAQ:CCEP) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 6,895 shares of the company’s stock, valued at approximately $690,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Boston Partners increased its holdings in Coca-Cola Europacific Partners by 2.6% in the third quarter. Boston Partners now owns 6,266,512 shares of the company’s stock worth $566,051,000 after purchasing an additional 156,613 shares in the last quarter. State Street Corp boosted its holdings in shares of Coca-Cola Europacific Partners by 0.7% during the 3rd quarter. State Street Corp now owns 4,760,094 shares of the company’s stock worth $430,360,000 after buying an additional 31,054 shares in the last quarter. Norges Bank bought a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth approximately $363,294,000. FIL Ltd grew its position in shares of Coca-Cola Europacific Partners by 0.3% during the 4th quarter. FIL Ltd now owns 3,793,166 shares of the company’s stock worth $344,312,000 after buying an additional 10,801 shares during the period. Finally, Morgan Stanley increased its stake in shares of Coca-Cola Europacific Partners by 4.9% in the 4th quarter. Morgan Stanley now owns 3,494,328 shares of the company’s stock valued at $316,936,000 after acquiring an additional 163,808 shares in the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Down 3.1%

Shares of NASDAQ:CCEP opened at $105.76 on Friday. Coca-Cola Europacific Partners has a twelve month low of $84.65 and a twelve month high of $113.67. The stock’s 50 day moving average is $106.97 and its 200-day moving average is $100.48. The company has a quick ratio of 0.68, a current ratio of 0.89 and a debt-to-equity ratio of 1.20.

Analyst Ratings Changes

A number of research firms recently issued reports on CCEP. UBS Group downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “neutral” rating and dropped their target price for the company from $109.00 to $107.00 in a research report on Thursday, August 13th. Barclays raised their price target on shares of Coca-Cola Europacific Partners from $114.00 to $119.00 and gave the stock an “overweight” rating in a report on Thursday, August 6th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, July 2nd. Sanford C. Bernstein reissued a “market perform” rating and set a $106.00 price objective on shares of Coca-Cola Europacific Partners in a research report on Wednesday, August 5th. Finally, Wells Fargo & Company raised their target price on Coca-Cola Europacific Partners from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Seven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $108.44.

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.