Coca-Cola Europacific Partners $CCEP Stock Holdings Raised by ProShare Advisors LLC

ProShare Advisors LLC boosted its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 1.4% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 420,424 shares of the company’s stock after purchasing an additional 5,932 shares during the quarter. ProShare Advisors LLC owned about 0.09% of Coca-Cola Europacific Partners worth $42,761,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Janus Henderson Group PLC purchased a new stake in shares of Coca-Cola Europacific Partners during the first quarter valued at about $97,058,000. Amundi grew its position in shares of Coca-Cola Europacific Partners by 13.4% in the 1st quarter. Amundi now owns 3,399,052 shares of the company’s stock worth $308,192,000 after buying an additional 401,683 shares during the last quarter. Cullen Capital Management LLC purchased a new position in shares of Coca-Cola Europacific Partners in the 2nd quarter worth approximately $30,519,000. Arrowstreet Capital Limited Partnership raised its stake in shares of Coca-Cola Europacific Partners by 157.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 493,118 shares of the company’s stock worth $44,715,000 after acquiring an additional 301,910 shares in the last quarter. Finally, Bessemer Group Inc. lifted its position in Coca-Cola Europacific Partners by 14.5% during the first quarter. Bessemer Group Inc. now owns 2,289,254 shares of the company’s stock valued at $207,568,000 after acquiring an additional 289,080 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. JPMorgan Chase & Co. assumed coverage on shares of Coca-Cola Europacific Partners in a research note on Friday, September 4th. They issued an “underweight” rating and a $92.00 target price for the company. Weiss Ratings upgraded Coca-Cola Europacific Partners from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, October 15th. Sanford C. Bernstein restated a “market perform” rating and set a $106.00 target price on shares of Coca-Cola Europacific Partners in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $114.00 target price (up from $110.00) on shares of Coca-Cola Europacific Partners in a research report on Wednesday, September 16th. Finally, UBS Group reiterated a “neutral” rating and issued a $107.00 price target (down from $109.00) on shares of Coca-Cola Europacific Partners in a research note on Monday, October 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and a consensus price target of $107.11.

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock opened at $113.22 on Monday. The firm’s 50 day simple moving average is $106.05 and its two-hundred day simple moving average is $100.61. Coca-Cola Europacific Partners has a 12-month low of $84.65 and a 12-month high of $114.59. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.68 and a current ratio of 0.89.

Coca-Cola Europacific Partners Company Profile

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.