TD Waterhouse Canada Inc. Purchases 6,979 Shares of Coca-Cola Europacific Partners $CCEP

TD Waterhouse Canada Inc. boosted its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 5.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 145,294 shares of the company’s stock after purchasing an additional 6,979 shares during the quarter. TD Waterhouse Canada Inc.’s holdings in Coca-Cola Europacific Partners were worth $15,373,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. SEB Asset Management AB bought a new position in shares of Coca-Cola Europacific Partners during the 1st quarter worth $6,759,000. Arrowstreet Capital Limited Partnership raised its holdings in shares of Coca-Cola Europacific Partners by 157.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 493,118 shares of the company’s stock valued at $44,715,000 after acquiring an additional 301,910 shares in the last quarter. Hsbc Holdings PLC raised its holdings in shares of Coca-Cola Europacific Partners by 47.0% in the first quarter. Hsbc Holdings PLC now owns 167,835 shares of the company’s stock valued at $15,203,000 after acquiring an additional 53,696 shares in the last quarter. Janus Henderson Group PLC purchased a new stake in Coca-Cola Europacific Partners in the first quarter worth about $97,058,000. Finally, Bessemer Group Inc. lifted its stake in Coca-Cola Europacific Partners by 14.5% in the first quarter. Bessemer Group Inc. now owns 2,289,254 shares of the company’s stock worth $207,568,000 after acquiring an additional 289,080 shares during the period. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $105.76 on Friday. Coca-Cola Europacific Partners has a 52 week low of $84.65 and a 52 week high of $113.67. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.89 and a quick ratio of 0.68. The firm has a 50 day moving average of $106.97 and a 200 day moving average of $100.48.

Analysts Set New Price Targets

CCEP has been the topic of a number of research reports. JPMorgan Chase & Co. reissued an “underweight” rating and set a $92.00 target price on shares of Coca-Cola Europacific Partners in a research report on Friday. Wells Fargo & Company upped their price target on shares of Coca-Cola Europacific Partners from $115.00 to $120.00 and gave the stock an “overweight” rating in a research report on Monday, August 3rd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, July 2nd. Weiss Ratings raised shares of Coca-Cola Europacific Partners from a “buy (b)” rating to a “buy (b+)” rating in a report on Thursday, August 27th. Finally, Sanford C. Bernstein reissued a “market perform” rating and issued a $106.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Wednesday, August 5th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $108.44.

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.