Coca-Cola Europacific Partners $CCEP Stock Holdings Increased by Vanguard Group Inc.

Vanguard Group Inc. raised its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 2.6% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 10,960,110 shares of the company’s stock after buying an additional 278,083 shares during the quarter. Vanguard Group Inc. owned about 2.38% of Coca-Cola Europacific Partners worth $994,598,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its position in shares of Coca-Cola Europacific Partners by 13.5% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 123,094 shares of the company’s stock worth $11,129,000 after acquiring an additional 14,670 shares during the last quarter. First Trust Advisors LP lifted its position in Coca-Cola Europacific Partners by 148.4% in the 2nd quarter. First Trust Advisors LP now owns 1,005,817 shares of the company’s stock valued at $93,259,000 after purchasing an additional 600,962 shares during the last quarter. iA Global Asset Management Inc. boosted its stake in Coca-Cola Europacific Partners by 11.8% during the 3rd quarter. iA Global Asset Management Inc. now owns 124,169 shares of the company’s stock valued at $11,226,000 after purchasing an additional 13,135 shares during the period. Profund Advisors LLC grew its position in Coca-Cola Europacific Partners by 14.1% in the 2nd quarter. Profund Advisors LLC now owns 34,161 shares of the company’s stock worth $3,167,000 after purchasing an additional 4,226 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in Coca-Cola Europacific Partners by 2.2% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,189,955 shares of the company’s stock worth $197,994,000 after purchasing an additional 47,240 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on CCEP. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $114.00 price target on shares of Coca-Cola Europacific Partners in a report on Thursday, January 8th. Bank of America restated a “neutral” rating and issued a $96.00 target price (down from $102.00) on shares of Coca-Cola Europacific Partners in a research report on Wednesday, January 14th. Citigroup reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday. The Goldman Sachs Group increased their price target on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday. Finally, Evercore reissued an “outperform” rating and set a $112.00 price target on shares of Coca-Cola Europacific Partners in a report on Wednesday. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $107.71.

Coca-Cola Europacific Partners Stock Up 1.0%

Shares of NASDAQ CCEP opened at $105.70 on Friday. Coca-Cola Europacific Partners has a 1 year low of $80.70 and a 1 year high of $106.04. The stock has a fifty day moving average price of $92.70 and a two-hundred day moving average price of $90.98. The company has a quick ratio of 0.65, a current ratio of 0.80 and a debt-to-equity ratio of 1.23.

About Coca-Cola Europacific Partners

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.