Shares of **Coca-Cola Europacific Partners** (NASDAQ: CCEP) reached a new 52-week high during trading on Monday, peaking at **$107.43** before settling at **$107.40** with a trading volume of **97,329** shares. This marks a significant increase from the previous close of **$105.70**.
Analyst Ratings and Market Response
A number of financial analysts have recently provided updated ratings for the company. **Evercore** reaffirmed an “outperform” rating and set a price target of **$112.00**. Meanwhile, **Barclays** increased their target from **$101.00** to **$111.00**, designating the stock as “overweight.” In a similar vein, **Citigroup** reiterated a “buy” rating, and **Deutsche Bank Aktiengesellschaft** set a price objective of **$114.00** on January 8, 2024. Additionally, **Weiss Ratings** restated a “buy (b)” rating on January 27, 2024.
Overall, **seven** analysts have rated the stock with a Buy designation, while three analysts assigned a Hold rating and one has given a Sell rating. According to data from **MarketBeat.com**, the average rating is a “Moderate Buy” with an average price target of **$107.71**.
Institutional Investment Trends
Recent trading activity reflects growing interest from institutional investors and hedge funds. **Compound Planning Inc.** raised its stake in Coca-Cola Europacific Partners by **7.2%** during the fourth quarter, now owning **2,475** shares valued at approximately **$225,000** after acquiring an additional **166** shares.
**Corient Private Wealth LLC** increased its holdings by **22.3%**, bringing its total to **8,728** shares valued at **$779,000** after purchasing **1,593** shares in the last quarter. Similarly, **Mercer Global Advisors Inc. ADV** expanded its position by **34.3%**, now holding **9,261** shares worth **$840,000**.
**EP Wealth Advisors LLC** also made a new investment during the fourth quarter, valued at **$202,000**. **Mackenzie Financial Corp** increased its stake by **7.5%**, now owning **250,304** shares valued at **$22,883,000** after acquiring an additional **17,538** shares. In total, **31.35%** of the stock is now owned by institutional investors.
**Coca-Cola Europacific Partners** operates as a significant independent bottler and distributor of non-alcoholic beverages, maintaining a long-standing franchise agreement with **The Coca-Cola Company**. The company manufactures, bottles, and distributes a wide array of beverage brands, including 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 firm’s operations span Europe and the Asia-Pacific region, facilitating production, packaging, marketing, and distribution across various retail and foodservice platforms.
For those interested in ongoing updates about Coca-Cola Europacific Partners and relevant market analysis, a daily summary can be obtained through **MarketBeat.com**’s free email newsletter service.
