Optiver Holding B.V. Grows Position in Coca-Cola Europacific Partners $CCEP

Optiver Holding B.V. boosted its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 215.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 25,236 shares of the company’s stock after acquiring an additional 17,248 shares during the quarter. Optiver Holding B.V.’s holdings in Coca-Cola Europacific Partners were worth $2,288,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. AQR Capital Management LLC increased its position in shares of Coca-Cola Europacific Partners by 10.5% in the 1st quarter. AQR Capital Management LLC now owns 7,131 shares of the company’s stock valued at $621,000 after purchasing an additional 677 shares during the last quarter. Geneos Wealth Management Inc. lifted its position in shares of Coca-Cola Europacific Partners by 23.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock worth $70,000 after purchasing an additional 156 shares during the last quarter. Marshall Wace LLP purchased a new stake in shares of Coca-Cola Europacific Partners during the 2nd quarter worth $653,000. Jump Financial LLC grew its stake in shares of Coca-Cola Europacific Partners by 18.8% during the second quarter. Jump Financial LLC now owns 25,666 shares of the company’s stock worth $2,380,000 after purchasing an additional 4,059 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of Coca-Cola Europacific Partners during the second quarter worth $202,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Analysts Set New Price Targets

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

Coca-Cola Europacific Partners Trading Down 2.0%

Shares of CCEP opened at $109.46 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23. Coca-Cola Europacific Partners has a fifty-two week low of $84.65 and a fifty-two week high of $113.67. The firm has a 50-day simple moving average of $101.05 and a 200-day simple moving average of $97.81.

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.