Coca-Cola Europacific Partners $CCEP Shares Acquired by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 2.6% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 10,960,110 shares of the company’s stock after buying an additional 278,083 shares during the period. Vanguard Group Inc.’s holdings in Coca-Cola Europacific Partners were worth $994,598,000 as of its most recent SEC filing.

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

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $105.70 on Friday. Coca-Cola Europacific Partners has a fifty-two week low of $80.70 and a fifty-two week high of $106.04. The company has a quick ratio of 0.65, a current ratio of 0.80 and a debt-to-equity ratio of 1.23. The stock’s 50-day moving average is $92.70 and its two-hundred day moving average is $90.98.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Tuesday, January 27th. Barclays raised their target price on shares of Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday. UBS Group boosted their price target on shares of Coca-Cola Europacific Partners from $103.00 to $118.00 and gave the company a “buy” rating in a report on Wednesday. Evercore restated an “outperform” rating and issued a $112.00 price target on shares of Coca-Cola Europacific Partners in a research report on Wednesday. Finally, Citigroup reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday. Seven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $107.71.

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.