Invesco Ltd. Boosts Stock Position in Coca-Cola Europacific Partners $CCEP

Key Points

• Invesco Ltd. raised its position in Coca‑Cola Europacific Partners by 31.6% in Q3, buying 3,751,430 shares to hold 15,610,379 shares (about 3.39% of the company) worth approximately $1.41 billion.
• Several other large institutions — including Truist, Massachusetts Financial Services, Bessemer, Vanguard and Norges Bank — also substantially increased stakes, leaving institutional and hedge fund ownership at about 31.35%, signaling growing institutional interest.
• Wall Street sentiment is broadly positive: multiple analysts (Goldman Sachs, UBS, Deutsche Bank, Evercore) have issued buy/outperform ratings and raised targets, with a consensus rating of “Moderate Buy” and an average target of $107.71.

Invesco Ltd. raised its position in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 31.6% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,610,379 shares of the company's stock after purchasing an additional 3,751,430 shares during the period. Invesco Ltd. owned about 3.39% of Coca-Cola Europacific Partners worth $1,411,334,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CCEP. Truist Financial Corp raised its position in shares of Coca-Cola Europacific Partners by 10,480.7% in the third quarter. Truist Financial Corp now owns 4,756,043 shares of the company's stock valued at $429,994,000 after buying an additional 4,711,093 shares during the last quarter. Norges Bank acquired a new stake in Coca-Cola Europacific Partners during the second quarter worth approximately $381,335,000. Massachusetts Financial Services Co. MA boosted its position in Coca-Cola Europacific Partners by 138.9% during the third quarter. Massachusetts Financial Services Co. MA now owns 5,835,583 shares of the company's stock worth $527,595,000 after acquiring an additional 3,392,680 shares during the last quarter. Bessemer Group Inc. grew its stake in Coca-Cola Europacific Partners by 12,873.0% in the 3rd quarter. Bessemer Group Inc. now owns 2,537,646 shares of the company's stock worth $229,428,000 after acquiring an additional 2,518,085 shares during the period. Finally, Vanguard Group Inc. grew its stake in Coca-Cola Europacific Partners by 8.1% in the 2nd quarter. Vanguard Group Inc. now owns 10,682,027 shares of the company's stock worth $984,804,000 after acquiring an additional 798,427 shares during the period. 31.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

CCEP has been the topic of a number of recent analyst reports. The Goldman Sachs Group increased their price target on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a "buy" rating in a research note on Wednesday, February 18th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of Coca-Cola Europacific Partners in a research report on Tuesday, January 27th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $114.00 target price on shares of Coca-Cola Europacific Partners in a research note on Thursday, January 8th. UBS Group increased their target price on Coca-Cola Europacific Partners from $103.00 to $118.00 and gave the stock a "buy" rating in a research report on Wednesday, February 18th. Finally, Evercore reissued an "outperform" rating and issued a $112.00 price target on shares of Coca-Cola Europacific Partners in a research note on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $107.71.

Coca-Cola Europacific Partners Trading Up 0.1%

NASDAQ:CCEP opened at $101.23 on Friday. The firm's 50 day moving average is $96.40 and its two-hundred day moving average is $92.24. Coca-Cola Europacific Partners has a fifty-two week low of $81.00 and a fifty-two week high of $110.90. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23.

Coca-Cola Europacific Partners Profile

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.

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