Kepler Cheuvreux Suisse SA Takes $7.40 Million Position 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 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 81,899 shares of the company’s stock, valued at approximately $7,400,000.

Other institutional investors have also bought and sold shares of the company. Invesco Ltd. raised its position in Coca-Cola Europacific Partners by 14.7% in the 2nd quarter. Invesco Ltd. now owns 11,858,949 shares of the company’s stock valued at $1,099,562,000 after buying an additional 1,523,055 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Coca-Cola Europacific Partners by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 10,960,110 shares of the company’s stock worth $994,598,000 after acquiring an additional 278,083 shares during the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Coca-Cola Europacific Partners by 138.9% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 5,835,583 shares of the company’s stock worth $527,595,000 after acquiring an additional 3,392,680 shares in the last quarter. Truist Financial Corp grew its stake in shares of Coca-Cola Europacific Partners by 10,480.7% in the 3rd 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 in the last quarter. Finally, State Street Corp raised its holdings in shares of Coca-Cola Europacific Partners by 5.3% in the second quarter. State Street Corp now owns 4,729,040 shares of the company’s stock valued at $438,477,000 after purchasing an additional 239,400 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

CCEP has been the topic of a number of recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $114.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Thursday, January 8th. The Goldman Sachs Group lifted their target price on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, February 18th. 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. Finally, JPMorgan Chase & Co. upped their target price on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $107.71.

Coca-Cola Europacific Partners Stock Up 0.1%

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

Coca-Cola Europacific Partners Company 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.