Kepler Cheuvreux Suisse SA Invests $7.40 Million in Coca-Cola Europacific Partners $CCEP

Kepler Cheuvreux Suisse SA bought a new stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 81,899 shares of the company’s stock, valued at approximately $7,400,000.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Invesco Ltd. grew its holdings in Coca-Cola Europacific Partners by 14.7% in the second 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 stake in Coca-Cola Europacific Partners by 2.6% in the third quarter. Vanguard Group Inc. now owns 10,960,110 shares of the company’s stock valued at $994,598,000 after purchasing an additional 278,083 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of 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 purchasing an additional 3,392,680 shares during the period. Truist Financial Corp raised its holdings in shares of Coca-Cola Europacific Partners by 10,480.7% during the third quarter. Truist Financial Corp now owns 4,756,043 shares of the company’s stock valued at $429,994,000 after purchasing an additional 4,711,093 shares during the period. Finally, State Street Corp boosted its position 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 purchasing an additional 239,400 shares in the last quarter. 31.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on CCEP shares. 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 note on Wednesday, January 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $114.00 price target on shares of Coca-Cola Europacific Partners in a research note on Thursday, January 8th. Evercore reissued 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. The Goldman Sachs Group boosted their price objective on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Finally, Barclays upped their target price on Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Seven investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $107.71.

Coca-Cola Europacific Partners Trading Up 0.1%

CCEP opened at $101.72 on Wednesday. Coca-Cola Europacific Partners has a fifty-two week low of $80.70 and a fifty-two week high of $110.90. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.60 and a current ratio of 0.80. The company’s 50-day moving average is $95.98 and its 200 day moving average is $92.12.

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.