Robeco Institutional Asset Management B.V. Has $2.98 Million Holdings in Coca-Cola Europacific Partners $CCEP

Key Points

• Robeco Institutional Asset Management B.V. reduced its holdings in Coca-Cola Europacific Partners by 50% during Q2, bringing its total shares to 32,140, valued at approximately $2.98 million.
• Several institutional investors have recently adjusted their positions in Coca-Cola Europacific Partners, with notable increases in holdings by firms such as Assetmark Inc. and Cullen Frost Bankers Inc.
• Wall Street analysts maintain a consensus rating of "Hold" on Coca-Cola Europacific Partners stock, with an average target price of $92.40.

Robeco Institutional Asset Management B.V. lessened its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 50.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,140 shares of the company's stock after selling 32,120 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Coca-Cola Europacific Partners were worth $2,980,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Assetmark Inc. lifted its position in shares of Coca-Cola Europacific Partners by 107.3% during the 1st quarter. Assetmark Inc. now owns 284 shares of the company's stock worth $25,000 after buying an additional 147 shares in the last quarter. NBC Securities Inc. bought a new position in shares of Coca-Cola Europacific Partners during the 1st quarter worth approximately $28,000. Cullen Frost Bankers Inc. lifted its position in shares of Coca-Cola Europacific Partners by 204.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company's stock worth $32,000 after buying an additional 245 shares in the last quarter. HM Payson & Co. bought a new position in shares of Coca-Cola Europacific Partners during the 1st quarter worth approximately $33,000. Finally, Motco lifted its position in shares of Coca-Cola Europacific Partners by 285.7% during the 1st quarter. Motco now owns 405 shares of the company's stock worth $35,000 after buying an additional 300 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on CCEP shares. UBS Group lifted their target price on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Barclays decreased their price target on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. Weiss Ratings restated a "buy (b+)" rating on shares of Coca-Cola Europacific Partners in a research note on Saturday, September 27th. Morgan Stanley lowered shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research note on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Coca-Cola Europacific Partners in a research note on Friday, August 8th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $92.40.

Coca-Cola Europacific Partners Stock Down 0.1%

Coca-Cola Europacific Partners stock opened at $87.65 on Tuesday. Coca-Cola Europacific Partners has a 1-year low of $73.40 and a 1-year high of $100.67. The firm has a market capitalization of $40.40 billion, a price-to-earnings ratio of 18.03, a P/E/G ratio of 2.47 and a beta of 0.76. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15. The firm has a 50 day simple moving average of $90.90 and a 200 day simple moving average of $90.79.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.

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