Optiver Holding B.V. Acquires New Stake in Coca-Cola Europacific Partners $CCEP

Optiver Holding B.V. bought a new position in Coca-Cola Europacific Partners (NASDAQ:CCEP) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 14,530 shares of the company’s stock, valued at approximately $1,314,000.

A number of other large investors have also made changes to their positions in the company. Invesco Ltd. lifted its stake in shares of Coca-Cola Europacific Partners by 14.7% in the 2nd quarter. Invesco Ltd. now owns 11,858,949 shares of the company’s stock worth $1,099,562,000 after purchasing an additional 1,523,055 shares during the period. Vanguard Group Inc. increased its holdings in Coca-Cola Europacific Partners by 2.6% during the third quarter. Vanguard Group Inc. now owns 10,960,110 shares of the company’s stock valued at $994,598,000 after buying an additional 278,083 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in Coca-Cola Europacific Partners by 138.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,835,583 shares of the company’s stock valued at $527,595,000 after buying an additional 3,392,680 shares during the last quarter. Truist Financial Corp raised its position in Coca-Cola Europacific Partners by 10,480.7% in the third quarter. Truist Financial Corp now owns 4,756,043 shares of the company’s stock worth $429,994,000 after acquiring an additional 4,711,093 shares during the period. Finally, State Street Corp boosted its stake in shares of Coca-Cola Europacific Partners by 5.3% during the 2nd quarter. State Street Corp now owns 4,729,040 shares of the company’s stock worth $438,477,000 after acquiring an additional 239,400 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Trading Up 0.5%

Shares of Coca-Cola Europacific Partners stock opened at $108.24 on Thursday. Coca-Cola Europacific Partners has a fifty-two week low of $80.70 and a fifty-two week high of $108.34. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23. The company has a fifty day moving average of $93.64 and a 200 day moving average of $91.29.

Analyst Ratings Changes

Several research firms have recently commented on CCEP. The Goldman Sachs Group upped their price objective on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Barclays lifted their target price on Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Deutsche Bank Aktiengesellschaft restated a “buy” rating and issued a $114.00 price target on shares of Coca-Cola Europacific Partners in a research report on Thursday, January 8th. Evercore reaffirmed an “outperform” rating and issued a $112.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Wednesday, February 18th. Finally, JPMorgan Chase & Co. lifted their price objective on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $107.71.

Coca-Cola Europacific Partners Profile

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.