ASR Vermogensbeheer N.V. Acquires Shares of 8,295 Coca-Cola Europacific Partners (NASDAQ:CCEP)

Key Points

• ASR Vermogensbeheer N.V. has invested approximately $722,000 in Coca-Cola Europacific Partners by purchasing 8,295 shares.
• Institutional investors own 31.35% of Coca-Cola Europacific Partners' stock, with several firms adjusting their stakes in the company during the first quarter.
• Coca-Cola Europacific Partners currently has an average analyst rating of "Hold" and an average target price of $90.43.

ASR Vermogensbeheer N.V. bought a new stake in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 8,295 shares of the company's stock, valued at approximately $722,000.

A number of other large investors have also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Coca-Cola Europacific Partners by 462.7% during the 1st quarter. Vanguard Group Inc. now owns 9,883,600 shares of the company's stock worth $862,167,000 after purchasing an additional 8,126,996 shares during the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of Coca-Cola Europacific Partners by 24.3% during the 1st quarter. Goldman Sachs Group Inc. now owns 6,205,337 shares of the company's stock worth $540,050,000 after purchasing an additional 1,214,493 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Coca-Cola Europacific Partners by 1.6% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,476,806 shares of the company's stock worth $190,243,000 after purchasing an additional 38,911 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Coca-Cola Europacific Partners by 253.8% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,948,024 shares of the company's stock worth $169,537,000 after purchasing an additional 1,397,394 shares during the last quarter. Finally, Barclays PLC lifted its stake in shares of Coca-Cola Europacific Partners by 236.4% during the 4th quarter. Barclays PLC now owns 1,804,855 shares of the company's stock worth $138,631,000 after purchasing an additional 1,268,401 shares during the period. Institutional investors and hedge funds own 31.35% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on CCEP shares. Barclays reduced their price target on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating on the stock in a research note on Friday. Morgan Stanley lowered Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research note on Thursday, August 7th. Wall Street Zen lowered Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. UBS Group increased their price target on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola Europacific Partners in a research note on Friday. One analyst has rated the stock with a sell rating, five have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average target price of $90.43.

Coca-Cola Europacific Partners Stock Down 1.4%

Coca-Cola Europacific Partners stock traded down $1.29 during midday trading on Tuesday, reaching $93.22. The stock had a trading volume of 1,619,791 shares, compared to its average volume of 1,749,947. Coca-Cola Europacific Partners has a twelve month low of $73.40 and a twelve month high of $100.67. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. The stock's 50-day simple moving average is $94.84 and its 200 day simple moving average is $89.00.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.