ING Groep NV Has $634,000 Position in Coca-Cola Europacific Partners $CCEP

ING Groep NV cut its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 47.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 7,010 shares of the company’s stock after selling 6,235 shares during the quarter. ING Groep NV’s holdings in Coca-Cola Europacific Partners were worth $634,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Mather Group LLC. acquired a new position in Coca-Cola Europacific Partners during the 3rd quarter worth approximately $31,000. First Command Advisory Services Inc. boosted its holdings in Coca-Cola Europacific Partners by 1,800.0% during 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 holdings in Coca-Cola Europacific Partners by 61.3% during 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 second quarter valued at $37,000. Finally, MAI Capital Management increased 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 buying an additional 220 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on CCEP shares. UBS Group reduced their price objective on shares of Coca-Cola Europacific Partners from $105.00 to $103.00 and set a “buy” rating for the company in a research note on Thursday, January 8th. Barclays reissued an “overweight” rating and set a $101.00 price target on shares of Coca-Cola Europacific Partners in a research report on Friday, January 16th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research report on Tuesday, January 27th. Citigroup reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $114.00 target price on shares of Coca-Cola Europacific Partners in a research note on Thursday, January 8th. Six research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $100.80.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $99.51 on Friday. Coca-Cola Europacific Partners has a 12-month low of $80.70 and a 12-month high of $100.67. The stock’s 50 day moving average price is $91.31 and its two-hundred day moving average price is $90.77. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83.

Coca-Cola Europacific Partners 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.