Coca-Cola Europacific Partners $CCEP Stock Bought by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 604.7% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 111,249 shares of the company’s stock after purchasing an additional 95,462 shares during the period. Robeco Institutional Asset Management B.V.’s holdings in Coca-Cola Europacific Partners were worth $11,315,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. TD Waterhouse Canada Inc. lifted its holdings in Coca-Cola Europacific Partners by 10.8% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 161,034 shares of the company’s stock worth $16,243,000 after buying an additional 15,740 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Coca-Cola Europacific Partners by 157.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 72,007 shares of the company’s stock valued at $7,324,000 after buying an additional 44,000 shares during the last quarter. Legacy Wealth Asset Management LLC increased its stake in shares of Coca-Cola Europacific Partners by 0.7% in the third quarter. Legacy Wealth Asset Management LLC now owns 27,427 shares of the company’s stock valued at $2,790,000 after buying an additional 190 shares during the period. Farther Finance Advisors LLC increased its stake in shares of Coca-Cola Europacific Partners by 22.4% in the third quarter. Farther Finance Advisors LLC now owns 10,617 shares of the company’s stock valued at $1,080,000 after buying an additional 1,943 shares during the period. Finally, CoreCap Advisors LLC increased its stake in shares of Coca-Cola Europacific Partners by 781.8% in the third quarter. CoreCap Advisors LLC now owns 970 shares of the company’s stock valued at $99,000 after buying an additional 860 shares during the period. 31.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

CCEP has been the subject of a number of analyst reports. Weiss Ratings upgraded Coca-Cola Europacific Partners from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, October 15th. Barclays reduced their target price on Coca-Cola Europacific Partners from $119.00 to $112.00 and set an “overweight” rating on the stock in a report on Friday, October 16th. Wells Fargo & Company decreased their target price on shares of Coca-Cola Europacific Partners from $120.00 to $115.00 and set an “overweight” rating for the company in a research report on Monday, October 5th. ING Group lowered shares of Coca-Cola Europacific Partners to a “hold” rating in a report on Friday, September 18th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $92.00 price target on shares of Coca-Cola Europacific Partners in a report on Friday, September 4th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $107.11.

Coca-Cola Europacific Partners Stock Down 3.0%

CCEP stock opened at $110.84 on Friday. 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 stock has a 50-day moving average price of $105.53 and a 200-day moving average price of $101.64. Coca-Cola Europacific Partners has a 1-year low of $84.65 and a 1-year high of $114.55.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners plc (NASDAQ: CCEP) is a consumer beverage company and one of the world’s largest Coca-Cola bottlers. The company manufactures, distributes and sells a broad portfolio of branded beverages, including Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Fuze Tea, Powerade, Monster Energy and Costa Coffee products, depending on the market.

CCEP serves customers across Europe and the Asia-Pacific region. Its territories include Great Britain, France, Germany, Spain, Portugal, Belgium, the Netherlands, Norway, Sweden and Iceland, as well as Australia, New Zealand, Indonesia, Papua New Guinea and several Pacific island markets.