Coca-Cola Europacific Partners (NASDAQ: CCEP) reached a new 52-week high during trading on Monday, with shares peaking at $107.43 before closing at $107.40. This marks a significant increase from the previous close of $105.70. The trading volume for the day was 97,329 shares, reflecting strong investor interest.
Analysts have responded positively to the company’s performance. Notably, Evercore reaffirmed an “outperform” rating with a price target of $112.00. Barclays upgraded its target for Coca-Cola Europacific Partners from $101.00 to $111.00 and assigned an “overweight” rating. Similarly, Citigroup reiterated a “buy” rating, while Deutsche Bank Aktiengesellschaft set a price objective of $114.00. As of now, seven research analysts have issued buy ratings, three have rated it as a hold, and one has assigned a sell rating. According to data from MarketBeat.com, the average rating stands at “Moderate Buy” with a mean price target of $107.71.
Institutional Investment Trends
The recent trading activity has also attracted the attention of institutional investors. Several hedge funds and firms have adjusted their positions in Coca-Cola Europacific Partners. For instance, Compound Planning Inc. increased its holdings by 7.2% during the fourth quarter, now owning 2,475 shares valued at approximately $225,000 after acquiring an additional 166 shares.
In a similar vein, Corient Private Wealth LLC expanded its stake by 22.3%, now holding 8,728 shares worth around $779,000. Mercer Global Advisors Inc. ADV increased its investment by 34.3%, owning 9,261 shares valued at approximately $840,000 following the purchase of an additional 2,363 shares.
Other firms such as EP Wealth Advisors LLC initiated a new position worth $202,000, while Mackenzie Financial Corp raised its stake by 7.5%, now holding 250,304 shares valued at $22.9 million. Currently, institutional investors control 31.35% of the company’s stock.
Coca-Cola Europacific Partners Overview
Coca-Cola Europacific Partners operates as a major independent bottler and distributor of nonalcoholic ready-to-drink beverages. The company maintains a longstanding franchise relationship with The Coca-Cola Company, engaging in the manufacturing, bottling, selling, and delivering of a diverse portfolio of beverages. These include both still and sparkling soft drinks, waters, juices, sports drinks, and ready-to-drink teas and coffees.
Established through the merger of Coca-Cola European Partners and Coca-Cola Amatil in 2021, the company has expanded its operations across Europe and the Asia-Pacific region. Its comprehensive activities encompass production, packaging, marketing, and distribution for various customer segments, including retail, foodservice, convenience, and vending.
As Coca-Cola Europacific Partners continues to achieve significant milestones in the market, its strategic positioning and favorable analyst ratings may provide valuable insights for potential investors.
