CCEP Stock Summary and Trading Ideas (Coca-Cola Europacific Partners PLC - | NASDAQ:CCEP)

CCEP is the second-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola Femsa, and primarily operates in developed Europe (80% of 2023 revenue and EBIT) and Australasia (20%). In 2023 it announced the planned acquisition of Coca-Cola Beverages Philippines from TCCC.In 2023, CCEP sold 3.3 billion unit cases of beverages, which we estimate equates to roughly 9% of the global Coke system volume. Coke's largest bottler, Coca-Cola Femsa sold 4 billion unit cases (12%), and the third-largest, Coca-Cola HBC, serving Eastern Europe and North Africa, sold 2.8 billion unit cases (8%).TCCC owns 19% of the equity of CCEP, Olive Partners, a holding company of bottling operations, owns a further 36%, and the remaining 45% is free float.

Coca-Cola Europacific Partners PLC - trades on the NASDAQ stock market under the symbol CCEP.

As of April 17, 2024, CCEP stock price declined to $66.35 with 1,329,548 million shares trading.

CCEP has a beta of 0.44, meaning it tends to be less sensitive to market movements. CCEP has a correlation of 0.10 to the broad based SPY ETF.

CCEP has a market cap of $30.54 billion. This is considered a Large Cap stock.

In the last 3 years, CCEP stock traded as high as $72.67 and as low as $41.80.

The top ETF exchange traded funds that CCEP belongs to (by Net Assets): QQQ, IEFA, VYM, EFA, EFV.

CCEP has underperformed the market in the last year with a price return of +12.9% while the SPY ETF gained +23.0%. CCEP has also underperformed the stock market ETF in the last 3 month and 2 week periods returning -1.4% and -3.8%, respectively, while the SPY returned +5.7% and -3.5%, respectively.

CCEP support price is $65.59 and resistance is $67.31 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that CCEP stock will trade within this expected range on the day.