Vestmark Advisory Solutions Inc. Sells 13,628 Shares of Coca-Cola Europacific Partners $CCEP

Vestmark Advisory Solutions Inc. lessened its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 67.5% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 6,557 shares of the company’s stock after selling 13,628 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Coca-Cola Europacific Partners were worth $593,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Mather Group LLC. purchased a new position in Coca-Cola Europacific Partners during the 3rd quarter valued at approximately $31,000. First Command Advisory Services Inc. grew its holdings in shares of 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 valued at $33,000 after purchasing an additional 342 shares in the last quarter. First Horizon Advisors Inc. increased 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. purchased a new stake in Coca-Cola Europacific Partners during the second quarter valued at $37,000. Finally, MAI Capital Management raised its stake in Coca-Cola Europacific Partners by 113.4% during the second quarter. MAI Capital Management now owns 414 shares of the company’s stock valued at $38,000 after purchasing an additional 220 shares in the last quarter. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $108.35 on Friday. Coca-Cola Europacific Partners has a 12 month low of $80.70 and a 12 month high of $109.36. The firm’s 50-day moving average is $93.97 and its 200 day moving average is $91.40. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23.

Analyst Ratings Changes

A number of brokerages have commented on CCEP. Bank of America reissued a “neutral” rating and issued a $96.00 price objective (down from $102.00) on shares of Coca-Cola Europacific Partners in a research note on Wednesday, January 14th. Barclays lifted their price target on 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. Citigroup restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $114.00 target price on shares of Coca-Cola Europacific Partners in a report on Thursday, January 8th. Finally, JPMorgan Chase & Co. boosted their target price on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average 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.