TD Asset Management Inc Sells 141,565 Shares of Coca-Cola Europacific Partners $CCEP

TD Asset Management Inc decreased its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 18.5% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 622,310 shares of the company’s stock after selling 141,565 shares during the period. TD Asset Management Inc’s holdings in Coca-Cola Europacific Partners were worth $56,263,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCEP. Mather Group LLC. bought a new stake in shares of Coca-Cola Europacific Partners during the third quarter valued at approximately $31,000. First Command Advisory Services Inc. grew its position in shares of 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 valued at $33,000 after purchasing an additional 342 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of 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 shares of Coca-Cola Europacific Partners in the second quarter worth about $37,000. Finally, MAI Capital Management boosted 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 buying an additional 220 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

NASDAQ:CCEP opened at $108.35 on Friday. The firm’s fifty day moving average is $93.97 and its two-hundred 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. Coca-Cola Europacific Partners has a one year low of $80.70 and a one year high of $109.36.

Analyst Ratings Changes

A number of research firms have issued reports on CCEP. The Goldman Sachs Group lifted their price objective on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research report on Tuesday, January 27th. Citigroup reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, February 19th. Barclays boosted their target price on shares of Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $114.00 price target on shares of Coca-Cola Europacific Partners in a report on Thursday, January 8th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $107.71.

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.