Cantor Fitzgerald L. P. Makes New $967,000 Investment in Coca-Cola Europacific Partners $CCEP

Cantor Fitzgerald L. P. purchased a new position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 10,694 shares of the company’s stock, valued at approximately $967,000.

Other institutional investors have also modified their holdings of the company. Truist Financial Corp lifted its stake in Coca-Cola Europacific Partners by 10,480.7% during 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. Norges Bank acquired a new position in Coca-Cola Europacific Partners in the 2nd quarter valued at about $381,335,000. Invesco Ltd. grew its position in Coca-Cola Europacific Partners by 31.6% in the 3rd quarter. Invesco Ltd. now owns 15,610,379 shares of the company’s stock valued at $1,411,334,000 after acquiring an additional 3,751,430 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake 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 worth $527,595,000 after purchasing an additional 3,392,680 shares during the period. Finally, Bessemer Group Inc. lifted its position in shares of Coca-Cola Europacific Partners by 12,873.0% during the third quarter. Bessemer Group Inc. now owns 2,537,646 shares of the company’s stock worth $229,428,000 after purchasing an additional 2,518,085 shares in the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Down 4.7%

Shares of Coca-Cola Europacific Partners stock opened at $96.08 on Thursday. The business has a 50-day simple moving average of $97.42 and a 200-day simple moving average of $92.56. 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 one year low of $81.00 and a one year high of $110.90.

Analyst Ratings Changes

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