California State Teachers Retirement System Buys 16,946,824 Shares of Coca-Cola Europacific Partners $CCEP

California State Teachers Retirement System lifted its position in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 8,692.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 17,141,791 shares of the company's stock after buying an additional 16,946,824 shares during the quarter. California State Teachers Retirement System owned about 3.72% of Coca-Cola Europacific Partners worth $1,715,379,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Bayban bought a new position in shares of Coca-Cola Europacific Partners during the fourth quarter worth approximately $25,000. Annis Gardner Whiting Capital Advisors LLC grew its stake in shares of Coca-Cola Europacific Partners by 407.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the company's stock worth $32,000 after buying an additional 285 shares during the last quarter. Whipplewood Advisors LLC increased its holdings in shares of Coca-Cola Europacific Partners by 1,537.5% during the first quarter. Whipplewood Advisors LLC now owns 393 shares of the company's stock worth $36,000 after buying an additional 369 shares in the last quarter. Quarry LP increased its holdings in shares of Coca-Cola Europacific Partners by 59.1% during the fourth quarter. Quarry LP now owns 393 shares of the company's stock worth $36,000 after buying an additional 146 shares in the last quarter. Finally, 1248 Management LLC bought a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at $38,000. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

CCEP has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, July 2nd. Sanford C. Bernstein reiterated a "market perform" rating and set a $106.00 price target on shares of Coca-Cola Europacific Partners in a report on Wednesday, August 5th. Barclays boosted their price objective on shares of Coca-Cola Europacific Partners from $114.00 to $119.00 and gave the stock an "overweight" rating in a research note on Thursday, August 6th. Weiss Ratings raised Coca-Cola Europacific Partners from a "buy (b)" rating to a "buy (b+)" rating in a research report on Thursday, August 27th. Finally, JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $92.00 target price on shares of Coca-Cola Europacific Partners in a report on Friday, September 4th. Seven equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of "Moderate Buy" and an average price target of $108.44.

Coca-Cola Europacific Partners Trading Down 0.1%

Coca-Cola Europacific Partners stock opened at $102.77 on Friday. Coca-Cola Europacific Partners has a fifty-two week low of $84.65 and a fifty-two week high of $113.67. The firm's fifty day moving average price is $106.99 and its 200-day moving average price is $100.50. The company has a quick ratio of 0.68, a current ratio of 0.89 and a debt-to-equity ratio of 1.20.

Coca-Cola Europacific Partners Company Profile

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Coca-Cola Europacific Partners plc NASDAQ: CCEP is a major Coca-Cola bottling partner that manufactures, markets, sells and distributes a broad portfolio of beverages. Its products include Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Powerade, Fuze Tea, smartwater, Costa Coffee and Monster Energy, among other brands.

The company serves customers across a broad geographic territory spanning Europe and the Asia-Pacific region. Its markets include Great Britain, Germany, Spain, Portugal, France, Belgium, the Netherlands, Norway, Sweden, Iceland and Switzerland, as well as Australia, New Zealand, Indonesia and selected Pacific island markets.

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