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

Key Points

• First Trust Advisors LP increased its stake in Coca‑Cola Europacific Partners (NASDAQ:CCEP) by 4.6% in Q3, buying 46,175 shares to hold 1,051,992 shares worth about $95.11 million, and institutional investors now own 31.35% of the company.
• Analysts have raised price targets recently—UBS to $118, Deutsche Bank $114, Evercore $112 and Goldman Sachs $110—leaving a consensus rating of Moderate Buy and a consensus target price of $107.71.

First Trust Advisors LP raised its position in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 4.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,051,992 shares of the company's stock after buying an additional 46,175 shares during the period. First Trust Advisors LP owned 0.23% of Coca-Cola Europacific Partners worth $95,111,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mather Group LLC. purchased a new stake in shares of Coca-Cola Europacific Partners during the third quarter valued at approximately $31,000. First Command Advisory Services Inc. boosted its position in Coca-Cola Europacific Partners by 1,800.0% in the third quarter. First Command Advisory Services Inc. now owns 361 shares of the company's stock worth $33,000 after purchasing an additional 342 shares during the last quarter. First Horizon Advisors Inc. boosted its position in Coca-Cola Europacific Partners by 61.3% in the second quarter. First Horizon Advisors Inc. now owns 363 shares of the company's stock worth $34,000 after purchasing an additional 138 shares during the last quarter. Westerkirk Capital Inc. bought a new position in Coca-Cola Europacific Partners in the 2nd quarter valued at $37,000. Finally, MAI Capital Management grew its stake in Coca-Cola Europacific Partners by 113.4% in the 2nd quarter. MAI Capital Management now owns 414 shares of the company's stock valued at $38,000 after purchasing an additional 220 shares during the period. Hedge funds and other institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Up 1.4%

Shares of CCEP opened at $101.66 on Tuesday. Coca-Cola Europacific Partners has a 1 year low of $80.70 and a 1 year high of $110.90. 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 stock's fifty day moving average price is $95.78 and its two-hundred day moving average price is $92.04.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the company. UBS Group lifted their target price on Coca-Cola Europacific Partners from $103.00 to $118.00 and gave the stock a "buy" rating in a research note on Wednesday, February 18th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $114.00 price target on shares of Coca-Cola Europacific Partners in a research report on Thursday, January 8th. Evercore restated an "outperform" rating and set a $112.00 price objective on shares of Coca-Cola Europacific Partners in a report on Wednesday, February 18th. Barclays lifted their price objective on shares of Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the stock an "overweight" rating in a research report on Thursday, February 19th. Finally, The Goldman Sachs Group increased their target price on shares of 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 data from MarketBeat, Coca-Cola Europacific Partners presently has an average rating of "Moderate Buy" and a consensus target price 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.

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