Optiver Holding B.V. Acquires Shares of 14,530 Coca-Cola Europacific Partners $CCEP

Optiver Holding B.V. acquired a new stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 14,530 shares of the company’s stock, valued at approximately $1,314,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Coca-Cola Europacific Partners by 13.5% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 123,094 shares of the company’s stock valued at $11,129,000 after purchasing an additional 14,670 shares in the last quarter. First Trust Advisors LP lifted its position in 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 valued at $93,259,000 after purchasing an additional 600,962 shares during the last quarter. iA Global Asset Management Inc. grew its stake in shares of Coca-Cola Europacific Partners by 11.8% in the 3rd quarter. iA Global Asset Management Inc. now owns 124,169 shares of the company’s stock worth $11,226,000 after buying an additional 13,135 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its holdings 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 worth $197,994,000 after buying an additional 47,240 shares during the last quarter. Finally, Profund Advisors LLC increased its holdings in shares of 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 buying an additional 4,226 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on CCEP shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and issued a $114.00 price target on shares of Coca-Cola Europacific Partners in a report on Thursday, January 8th. Barclays lifted their target price on Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. Evercore reissued an “outperform” rating and set a $112.00 target price on shares of Coca-Cola Europacific Partners in a research report on Wednesday, February 18th. Bank of America restated a “neutral” rating and issued a $96.00 price target (down from $102.00) on shares of Coca-Cola Europacific Partners in a research report on Wednesday, January 14th. Finally, Citigroup reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, February 19th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $107.71.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP stock opened at $108.24 on Thursday. The stock has a 50 day moving average price of $93.64 and a 200 day moving average price of $91.29. Coca-Cola Europacific Partners has a 52-week low of $80.70 and a 52-week high of $108.34. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.80 and a quick ratio of 0.60.

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.