Coca-Cola Europacific Partners $CCEP Stock Bought by Sterling Capital Management LLC

Sterling Capital Management LLC raised its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 7.9% during the 3rd quarter, HoldingsChannel reports. The firm owned 234,373 shares of the company’s stock after acquiring an additional 17,254 shares during the period. Sterling Capital Management LLC’s holdings in Coca-Cola Europacific Partners were worth $23,838,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of CCEP. Root Financial Partners LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the third quarter worth approximately $30,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 407.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the company’s stock valued at $32,000 after acquiring an additional 285 shares in the last quarter. Whipplewood Advisors LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 1,537.5% in the first quarter. Whipplewood Advisors LLC now owns 393 shares of the company’s stock valued at $36,000 after acquiring an additional 369 shares in the last quarter. Eastern Bank acquired a new position in shares of Coca-Cola Europacific Partners during the second quarter worth about $49,000. Finally, Axiom Investment Management LLC acquired a new position in shares of Coca-Cola Europacific Partners during the first quarter worth about $72,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ CCEP traded down $3.39 during midday trading on Friday, hitting $110.84. The company had a trading volume of 1,623,220 shares, compared to its average volume of 1,743,947. Coca-Cola Europacific Partners has a twelve month low of $84.65 and a twelve month high of $114.55. The business has a 50-day simple moving average of $105.53 and a two-hundred day simple moving average of $101.64. The company has a quick ratio of 0.68, a current ratio of 0.89 and a debt-to-equity ratio of 1.20.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. reissued an “underweight” rating and set a $92.00 price target on shares of Coca-Cola Europacific Partners in a report on Friday, September 4th. ING Group lowered Coca-Cola Europacific Partners to a “hold” rating in a report on Friday, September 18th. UBS Group reiterated a “neutral” rating and set a $107.00 target price (down from $109.00) on shares of Coca-Cola Europacific Partners in a research report on Monday, October 5th. Wells Fargo & Company cut their target price on Coca-Cola Europacific Partners from $120.00 to $115.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $114.00 price target (up from $110.00) on shares of Coca-Cola Europacific Partners in a report on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $107.11.

Coca-Cola Europacific Partners Profile

Coca-Cola Europacific Partners plc (NASDAQ: CCEP) is a consumer beverage company and one of the world’s largest Coca-Cola bottlers. The company manufactures, distributes and sells a broad portfolio of branded beverages, including Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Fuze Tea, Powerade, Monster Energy and Costa Coffee products, depending on the market.

CCEP serves customers across Europe and the Asia-Pacific region. Its territories include Great Britain, France, Germany, Spain, Portugal, Belgium, the Netherlands, Norway, Sweden and Iceland, as well as Australia, New Zealand, Indonesia, Papua New Guinea and several Pacific island markets.