Cantor Fitzgerald Investment Advisors L.P. Makes New $2.58 Million Investment in Coca-Cola Europacific Partners $CCEP

Key Points

• Cantor Fitzgerald Investment Advisors acquired a new 25,390-share position in Coca-Cola Europacific Partners during the third quarter, valued at approximately $2.58 million. Institutional investors and hedge funds collectively own 31.35% of the company.
• Analyst sentiment remains broadly positive, with CCEP carrying a “Moderate Buy” consensus rating and an average price target of $107.11. Recent targets range from $106 to $114, including an upgrade from Deutsche Bank and an overweight rating from Barclays.
• CCEP shares opened at $110.29, compared with a 52-week range of $84.65 to $113.67. The company operates as a major Coca-Cola bottler across European and Asia-Pacific markets, selling brands including Coca-Cola, Fanta, Sprite, Monster Energy and Costa Coffee.

Cantor Fitzgerald Investment Advisors L.P. acquired a new position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) in the third quarter, according to the company in its most recent filing with the SEC. The firm acquired 25,390 shares of the company's stock, valued at approximately $2,582,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. raised its position in shares of Coca-Cola Europacific Partners by 604.7% in the third quarter. Robeco Institutional Asset Management B.V. now owns 111,249 shares of the company's stock valued at $11,315,000 after buying an additional 95,462 shares during the last quarter. TD Waterhouse Canada Inc. grew its stake in Coca-Cola Europacific Partners by 10.8% in the 3rd quarter. TD Waterhouse Canada Inc. now owns 161,034 shares of the company's stock worth $16,243,000 after acquiring an additional 15,740 shares during the period. Assenagon Asset Management S.A. grew its stake in 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 worth $7,324,000 after acquiring an additional 44,000 shares during the period. Legacy Wealth Asset Management LLC raised its holdings in Coca-Cola Europacific Partners by 0.7% in the 3rd quarter. Legacy Wealth Asset Management LLC now owns 27,427 shares of the company's stock valued at $2,790,000 after acquiring an additional 190 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its holdings in Coca-Cola Europacific Partners by 22.4% in the 3rd quarter. Farther Finance Advisors LLC now owns 10,617 shares of the company's stock valued at $1,080,000 after acquiring an additional 1,943 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CCEP shares. Sanford C. Bernstein reaffirmed a "market perform" rating and issued a $106.00 price objective on shares of Coca-Cola Europacific Partners in a research report on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reiterated 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. UBS Group reiterated a "neutral" rating and set a $107.00 target price (down from $109.00) on shares of Coca-Cola Europacific Partners in a research report on Monday, October 5th. Weiss Ratings upgraded Coca-Cola Europacific Partners from a "buy (a-)" rating to a "buy (a)" rating in a report on Thursday, October 15th. Finally, Barclays dropped their price objective on shares of Coca-Cola Europacific Partners from $119.00 to $112.00 and set an "overweight" rating for the company in a research note on Friday, October 16th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of "Moderate Buy" and an average price target of $107.11.

Coca-Cola Europacific Partners Stock Down 2.8%

Shares of NASDAQ CCEP opened at $110.29 on Thursday. Coca-Cola Europacific Partners has a 52-week low of $84.65 and a 52-week high of $113.67. The firm has a fifty day moving average of $105.33 and a 200-day moving average of $101.42. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.89 and a quick ratio of 0.68.

Coca-Cola Europacific Partners Profile

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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.

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