Coca-Cola Europacific Partners $CCEP Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lowered its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 65.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 139,311 shares of the company’s stock after selling 262,757 shares during the period. SG Americas Securities LLC’s holdings in Coca-Cola Europacific Partners were worth $12,636,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CCEP. Choreo LLC boosted 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 worth $253,000 after buying an additional 118 shares during the last quarter. Park Avenue Securities LLC increased its stake in shares of Coca-Cola Europacific Partners by 1.9% during the 4th quarter. Park Avenue Securities LLC now owns 6,373 shares of the company’s stock valued at $578,000 after acquiring an additional 119 shares during the last quarter. Concurrent Investment Advisors LLC increased its stake 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 acquiring an additional 123 shares during the last quarter. Legacy Wealth Asset Management LLC lifted its holdings 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 acquiring an additional 131 shares during the period. Finally, Versant Capital Management Inc lifted its holdings 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 acquiring an additional 132 shares during the period. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms recently issued reports on CCEP. Citigroup restated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, February 19th. The Goldman Sachs Group increased their price target on shares of 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. Bank of America reiterated a “neutral” rating and issued a $96.00 price target (down from $102.00) on shares of Coca-Cola Europacific Partners in a report on Wednesday, January 14th. Barclays boosted their price objective on shares of Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Finally, JPMorgan Chase & Co. upped their price objective on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the stock a “neutral” rating in a report on Wednesday, February 18th. Seven investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $107.71.

Coca-Cola Europacific Partners Price Performance

NASDAQ:CCEP opened at $91.64 on Friday. The business’s 50-day moving average is $97.97 and its two-hundred day moving average is $92.75. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.80 and a quick ratio of 0.60. Coca-Cola Europacific Partners has a 12 month low of $81.00 and a 12 month high of $110.90.

Coca-Cola Europacific Partners 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.