Richard Bernstein Advisors LLC Sells 30,175 Shares of Coca-Cola Europacific Partners $CCEP

Key Points

• Richard Bernstein Advisors LLC trimmed its stake in Coca‑Cola Europacific Partners by 52.2% in Q3, selling 30,175 shares and retaining 27,670 shares valued at about $2.50 million.
• Analysts hold a “Moderate Buy” consensus with an average price target of $107.71; notable divergences include UBS raising its target to $118 and Bank of America cutting its target to $96.
• Institutional ownership stands near 31.35%, and several large managers (e.g., First Trust, Mirae Asset, Sumitomo Mitsui) added to their CCEP positions, showing mixed but active institutional flows.

Richard Bernstein Advisors LLC trimmed its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 52.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,670 shares of the company's stock after selling 30,175 shares during the quarter. Richard Bernstein Advisors LLC's holdings in Coca-Cola Europacific Partners were worth $2,502,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in CCEP. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Coca-Cola Europacific Partners by 13.5% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 123,094 shares of the company's stock valued at $11,129,000 after purchasing an additional 14,670 shares during the last quarter. First Trust Advisors LP increased its stake in Coca-Cola Europacific Partners by 148.4% in the 2nd quarter. First Trust Advisors LP now owns 1,005,817 shares of the company's stock worth $93,259,000 after purchasing an additional 600,962 shares in the last quarter. Profund Advisors LLC grew its position in shares of Coca-Cola Europacific Partners by 14.1% in the second quarter. Profund Advisors LLC now owns 34,161 shares of the company's stock valued at $3,167,000 after purchasing an additional 4,226 shares during the last quarter. iA Global Asset Management Inc. grew its holdings in Coca-Cola Europacific Partners by 11.8% during the 3rd quarter. iA Global Asset Management Inc. now owns 124,169 shares of the company's stock worth $11,226,000 after acquiring an additional 13,135 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Coca-Cola Europacific Partners by 2.2% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,189,955 shares of the company's stock worth $197,994,000 after buying an additional 47,240 shares during the period. 31.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have commented on CCEP shares. Citigroup reissued a "buy" rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, February 19th. Weiss Ratings reissued a "buy (b)" rating on shares of Coca-Cola Europacific Partners in a research note on Tuesday, January 27th. Bank of America reiterated a "neutral" rating and issued a $96.00 target price (down from $102.00) on shares of Coca-Cola Europacific Partners in a research note on Wednesday, January 14th. Evercore restated an "outperform" rating and issued a $112.00 target price on shares of Coca-Cola Europacific Partners in a research report on Wednesday, February 18th. Finally, UBS Group raised their target price 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. 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, the company currently has a consensus rating of "Moderate Buy" and an average price target of $107.71.

Coca-Cola Europacific Partners Stock Performance

CCEP opened at $101.66 on Tuesday. The company has a 50-day moving average price of $95.78 and a 200 day moving average price of $92.04. Coca-Cola Europacific Partners has a twelve month low of $80.70 and a twelve month 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.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.