1,070,753 Shares in Coca-Cola Europacific Partners $CCEP Purchased by Janus Henderson Group PLC

Janus Henderson Group PLC acquired a new position in Coca-Cola Europacific Partners (NASDAQ:CCEP) in the 1st quarter, HoldingsChannel reports. The fund acquired 1,070,753 shares of the company’s stock, valued at approximately $97,058,000.

Other large investors have also modified their holdings of the company. Norges Bank bought a new position in shares of Coca-Cola Europacific Partners during the fourth quarter valued at approximately $363,294,000. Lazard Asset Management LLC lifted its stake in shares of Coca-Cola Europacific Partners by 310.4% during the 3rd quarter. Lazard Asset Management LLC now owns 2,329,999 shares of the company’s stock worth $210,802,000 after acquiring an additional 1,762,299 shares during the last quarter. Bank of America Corp DE boosted its holdings in Coca-Cola Europacific Partners by 32.8% during the 2nd quarter. Bank of America Corp DE now owns 2,870,553 shares of the company’s stock valued at $266,158,000 after acquiring an additional 709,723 shares during the period. Man Group plc boosted its holdings in Coca-Cola Europacific Partners by 219.8% during the 2nd quarter. Man Group plc now owns 1,001,770 shares of the company’s stock valued at $92,884,000 after acquiring an additional 688,506 shares during the period. Finally, Amundi grew its position in Coca-Cola Europacific Partners by 13.4% in the 1st quarter. Amundi now owns 3,399,052 shares of the company’s stock valued at $308,192,000 after acquiring an additional 401,683 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Analyst Ratings Changes

A number of analysts have weighed in on CCEP shares. UBS Group increased their target price on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Barclays boosted their target price on shares of Coca-Cola Europacific Partners from $108.00 to $114.00 and gave the company an “overweight” rating in a research note on Tuesday, July 21st. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, July 2nd. Weiss Ratings lowered shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Finally, Wells Fargo & Company boosted their price objective on shares of Coca-Cola Europacific Partners from $110.00 to $115.00 and gave the company an “overweight” rating in a research report on Wednesday, July 8th. Eight equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $107.88.

Coca-Cola Europacific Partners Trading Down 2.0%

Shares of NASDAQ:CCEP opened at $109.46 on Friday. The business’s 50 day moving average is $101.05 and its 200 day moving average is $97.81. 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 1.23, a current ratio of 0.80 and a quick ratio of 0.60.

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.