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 30, 2024, CCEP stock price climbed to $72.02 with 1,235,494 million shares trading.

CCEP has a beta of 0.47, meaning it tends to be less sensitive to market movements. CCEP has a correlation of 0.12 to the broad based SPY ETF.

CCEP has a market cap of $33.15 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): IEFA, VYM, EFA, EFV, TQQQ.

CCEP stock has underperformed the market in the last year with a return of +13.7%, while SPY returned +22.3%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in CCEP shares. However, CCEP has outperformed the market in the last 3 month and 2 week periods, returning +4.8% and +7.4%, while SPY returned +2.5% and -0.5%, respectively. This indicates CCEP has been having a stronger performance recently.

CCEP support price is $71.07 and resistance is $72.96 (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.