AlphaCore Capital LLC Purchases 5,480 Shares of Coca-Cola Europacific Partners $CCEP

AlphaCore Capital LLC raised its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 335.2% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 7,115 shares of the company’s stock after buying an additional 5,480 shares during the period. AlphaCore Capital LLC’s holdings in Coca-Cola Europacific Partners were worth $643,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TIAA Trust National Association lifted its holdings in Coca-Cola Europacific Partners by 3.2% during the second quarter. TIAA Trust National Association now owns 3,345 shares of the company’s stock worth $310,000 after acquiring an additional 103 shares during the period. Choreo LLC grew its stake in Coca-Cola Europacific Partners by 4.5% in the 2nd quarter. Choreo LLC now owns 2,733 shares of the company’s stock valued at $253,000 after purchasing an additional 118 shares during the period. Concurrent Investment Advisors LLC increased its position in shares of Coca-Cola Europacific Partners by 2.9% during the 3rd quarter. Concurrent Investment Advisors LLC now owns 4,323 shares of the company’s stock valued at $391,000 after purchasing an additional 123 shares during the last quarter. Legacy Wealth Asset Management LLC raised its stake in shares of Coca-Cola Europacific Partners by 0.5% during the 3rd quarter. Legacy Wealth Asset Management LLC now owns 25,773 shares of the company’s stock worth $2,330,000 after purchasing an additional 131 shares during the period. Finally, Versant Capital Management Inc raised its stake in shares of Coca-Cola Europacific Partners by 8.7% during the 3rd quarter. Versant Capital Management Inc now owns 1,658 shares of the company’s stock worth $150,000 after purchasing an additional 132 shares during the period. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP opened at $110.43 on Friday. Coca-Cola Europacific Partners has a 1-year low of $80.70 and a 1-year high of $110.90. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23. The firm’s 50 day simple moving average is $94.34 and its 200 day simple moving average is $91.51.

Analysts Set New Price Targets

Several research firms recently weighed in on CCEP. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $114.00 price target on shares of Coca-Cola Europacific Partners in a research report on Thursday, January 8th. Citigroup restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, February 19th. JPMorgan Chase & Co. lifted their price target on shares of Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. Barclays increased their price objective on Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the company an “overweight” rating in a report on Thursday, February 19th. Finally, Bank of America restated a “neutral” rating and issued a $96.00 target price (down from $102.00) on shares of Coca-Cola Europacific Partners in a research note on Wednesday, January 14th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Coca-Cola Europacific Partners 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.