Coca-Cola Europacific Partners $CCEP Stock: Robeco Institutional Asset Management B.V. Increases Stake

Key Points

• Robeco Institutional Asset Management increased its CCEP stake by 604.7% in the third quarter, adding 95,462 shares to reach 111,249 shares valued at approximately $11.3 million.
• Other institutional investors also expanded their positions, and institutions and hedge funds collectively own 31.35% of CCEP.
• CCEP shares opened at $110.84, near their 12-month high of $114.55. Analysts maintain a consensus “Moderate Buy” rating, with an average price target of $107.11.

Robeco Institutional Asset Management B.V. boosted its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 604.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 111,249 shares of the company's stock after buying an additional 95,462 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Coca-Cola Europacific Partners were worth $11,315,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. National Pension Service lifted its holdings in shares of Coca-Cola Europacific Partners by 23.6% in the second quarter. National Pension Service now owns 65,302 shares of the company's stock worth $6,535,000 after acquiring an additional 12,468 shares during the last quarter. SEB Asset Management AB acquired a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter valued at approximately $6,759,000. NEOS Investment Management LLC boosted its stake in shares of Coca-Cola Europacific Partners by 12.0% in the 2nd quarter. NEOS Investment Management LLC now owns 273,000 shares of the company's stock valued at $27,319,000 after purchasing an additional 29,318 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in shares of Coca-Cola Europacific Partners by 157.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 493,118 shares of the company's stock valued at $44,715,000 after purchasing an additional 301,910 shares in the last quarter. Finally, Andra AP fonden grew its holdings in shares of Coca-Cola Europacific Partners by 23.2% during the 2nd quarter. Andra AP fonden now owns 60,456 shares of the company's stock valued at $6,050,000 after purchasing an additional 11,400 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP stock opened at $110.84 on Friday. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.89 and a quick ratio of 0.68. The business's 50-day moving average price is $105.53 and its 200-day moving average price is $101.64. Coca-Cola Europacific Partners has a 12 month low of $84.65 and a 12 month high of $114.55.

Analysts Set New Price Targets

A number of research firms recently issued reports on CCEP. Wells Fargo & Company lowered their price objective on shares of Coca-Cola Europacific Partners from $120.00 to $115.00 and set an "overweight" rating for the company in a research report on Monday, October 5th. Sanford C. Bernstein restated a "market perform" rating and issued a $106.00 target price on shares of Coca-Cola Europacific Partners in a research report on Wednesday, August 5th. ING Group cut shares of Coca-Cola Europacific Partners to a "hold" rating in a research note on Friday, September 18th. UBS Group reiterated a "neutral" rating and set a $107.00 price target (down from $109.00) on shares of Coca-Cola Europacific Partners in a report on Monday, October 5th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $114.00 price target (up from $110.00) on shares of Coca-Cola Europacific Partners in a research note on Wednesday, September 16th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of "Moderate Buy" and a consensus target price 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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