Coca-Cola Europacific Partners $CCEP Shares Purchased by Public Sector Pension Investment Board

Public Sector Pension Investment Board lifted its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 10.0% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 152,283 shares of the company’s stock after acquiring an additional 13,800 shares during the quarter. Public Sector Pension Investment Board’s holdings in Coca-Cola Europacific Partners were worth $13,768,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Mather Group LLC. purchased a new position in Coca-Cola Europacific Partners in the third quarter valued at $31,000. First Command Advisory Services Inc. boosted its stake in Coca-Cola Europacific Partners by 1,800.0% during the 3rd quarter. First Command Advisory Services Inc. now owns 361 shares of the company’s stock worth $33,000 after purchasing an additional 342 shares during the period. First Horizon Advisors Inc. grew its holdings in shares of Coca-Cola Europacific Partners by 61.3% during the second quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $34,000 after buying an additional 138 shares during the last quarter. Westerkirk Capital Inc. purchased a new position in shares of Coca-Cola Europacific Partners in the 2nd quarter valued at approximately $37,000. Finally, MAI Capital Management increased its stake in Coca-Cola Europacific Partners by 113.4% in the 2nd quarter. MAI Capital Management now owns 414 shares of the company’s stock valued at $38,000 after buying an additional 220 shares during the period. 31.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on CCEP. Citigroup reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Friday, January 9th. Bank of America reissued a “neutral” rating and set a $96.00 price objective (down from $102.00) on shares of Coca-Cola Europacific Partners in a research note on Wednesday, January 14th. UBS Group cut their price objective on Coca-Cola Europacific Partners from $105.00 to $103.00 and set a “buy” rating for the company in a research report on Thursday, January 8th. Barclays reiterated an “overweight” rating and set a $101.00 target price on shares of Coca-Cola Europacific Partners in a report on Friday, January 16th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and issued a $114.00 price target on shares of Coca-Cola Europacific Partners in a report on Thursday, January 8th. Six investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and a consensus target price of $100.80.

Coca-Cola Europacific Partners Price Performance

CCEP stock opened at $99.51 on Monday. The company has a 50 day moving average price of $91.31 and a two-hundred day moving average price of $90.71. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15. Coca-Cola Europacific Partners has a one year low of $80.70 and a one year high of $100.67.

About Coca-Cola Europacific Partners

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.