Coca-Cola Europacific Partners $CCEP Stock Acquired by TD Waterhouse Canada Inc.

Key Points

• TD Waterhouse Canada increased its Coca-Cola Europacific Partners stake by 10.8% in the third quarter, purchasing 15,740 additional shares and bringing its holdings to 161,034 shares valued at approximately $16.2 million.
• Several other institutional investors also expanded their positions, including Amundi, Arrowstreet Capital and Bessemer Group; institutional investors collectively own 31.35% of CCEP.
• CCEP shares opened at $112.40, near their 52-week high of $113.67. Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $107.11.

TD Waterhouse Canada Inc. increased its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 10.8% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 161,034 shares of the company's stock after buying an additional 15,740 shares during the period. TD Waterhouse Canada Inc.'s holdings in Coca-Cola Europacific Partners were worth $16,243,000 at the end of the most recent quarter.

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

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock opened at $112.40 on Monday. 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 has a 1 year low of $84.65 and a 1 year high of $113.67. The company's 50-day moving average is $105.01 and its two-hundred day moving average is $101.00.

Analyst Ratings Changes

A number of analysts recently weighed in on CCEP shares. Sanford C. Bernstein reissued a "market perform" rating and issued a $106.00 price target on shares of Coca-Cola Europacific Partners in a report on Wednesday, August 5th. Weiss Ratings raised Coca-Cola Europacific Partners from a "buy (a-)" rating to a "buy (a)" rating in a report on Thursday. JPMorgan Chase & Co. reaffirmed an "underweight" rating and set a $92.00 price objective on shares of Coca-Cola Europacific Partners in a report on Friday, September 4th. UBS Group reiterated a "neutral" rating on shares of Coca-Cola Europacific Partners in a research report on Monday, October 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola Europacific Partners in a research note on Wednesday, September 16th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of "Moderate Buy" and a consensus price target of $107.11.

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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