Cullen Capital Management LLC Makes New Investment in Coca-Cola Europacific Partners $CCEP

Cullen Capital Management LLC bought a new stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 304,979 shares of the company’s stock, valued at approximately $30,519,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Fulton Bank N.A. boosted its position in Coca-Cola Europacific Partners by 3.2% during the 1st quarter. Fulton Bank N.A. now owns 3,699 shares of the company’s stock valued at $335,000 after purchasing an additional 113 shares during the period. Parallel Advisors LLC increased its position in Coca-Cola Europacific Partners by 3.7% in the first quarter. Parallel Advisors LLC now owns 3,341 shares of the company’s stock worth $303,000 after buying an additional 119 shares during the period. CWM LLC lifted its stake in Coca-Cola Europacific Partners by 11.1% in the fourth quarter. CWM LLC now owns 1,370 shares of the company’s stock valued at $124,000 after buying an additional 137 shares during the last quarter. Quarry LP lifted its stake in Coca-Cola Europacific Partners by 59.1% in the fourth quarter. Quarry LP now owns 393 shares of the company’s stock valued at $36,000 after buying an additional 146 shares during the last quarter. Finally, Brown Brothers Harriman & Co. boosted its holdings in shares of Coca-Cola Europacific Partners by 18.0% during the third quarter. Brown Brothers Harriman & Co. now owns 1,015 shares of the company’s stock valued at $92,000 after acquiring an additional 155 shares during the period. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CCEP has been the subject of several recent research reports. Barclays upped 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 research report on Thursday, August 6th. Wells Fargo & Company boosted their target price on shares of 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. UBS Group cut shares of Coca-Cola Europacific Partners from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $109.00 to $107.00 in a research report on Thursday, August 13th. Sanford C. Bernstein restated a “market perform” rating and issued a $106.00 price target on shares of Coca-Cola Europacific Partners in a research note on Wednesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, July 2nd. Seven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $108.56.

Coca-Cola Europacific Partners Trading Up 2.0%

NASDAQ:CCEP opened at $110.12 on Tuesday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.89 and a quick ratio of 0.68. Coca-Cola Europacific Partners has a 1 year low of $84.65 and a 1 year high of $113.67. The business has a fifty day moving average of $105.20 and a 200-day moving average of $99.81.

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.