ASR Vermogensbeheer N.V. Acquires 1,300 Shares of Coca-Cola Europacific Partners $CCEP

ASR Vermogensbeheer N.V. raised its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 15.7% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,595 shares of the company’s stock after buying an additional 1,300 shares during the period. ASR Vermogensbeheer N.V.’s holdings in Coca-Cola Europacific Partners were worth $890,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Invesco Ltd. raised its stake in Coca-Cola Europacific Partners by 2.1% in the first quarter. Invesco Ltd. now owns 10,335,894 shares of the company’s stock valued at $899,533,000 after buying an additional 215,966 shares during the period. Vanguard Group Inc. raised its stake in Coca-Cola Europacific Partners by 462.7% in the first quarter. Vanguard Group Inc. now owns 9,883,600 shares of the company’s stock valued at $862,167,000 after buying an additional 8,126,996 shares during the period. Goldman Sachs Group Inc. raised its stake in Coca-Cola Europacific Partners by 24.3% in the first quarter. Goldman Sachs Group Inc. now owns 6,205,337 shares of the company’s stock valued at $540,050,000 after buying an additional 1,214,493 shares during the period. Amundi raised its stake in Coca-Cola Europacific Partners by 1.6% in the first quarter. Amundi now owns 3,128,598 shares of the company’s stock valued at $281,009,000 after buying an additional 49,747 shares during the period. Finally, JPMorgan Chase & Co. raised its stake in Coca-Cola Europacific Partners by 4.9% in the first quarter. JPMorgan Chase & Co. now owns 3,030,119 shares of the company’s stock valued at $263,711,000 after buying an additional 142,019 shares during the period. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Down 0.1%

NASDAQ CCEP opened at $87.77 on Friday. The business has a fifty day moving average price of $91.11 and a two-hundred day moving average price of $90.73. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. Coca-Cola Europacific Partners has a fifty-two week low of $73.40 and a fifty-two week high of $100.67. The stock has a market capitalization of $40.46 billion, a PE ratio of 18.06, a PEG ratio of 2.47 and a beta of 0.76.

Analyst Upgrades and Downgrades

CCEP has been the topic of several research analyst reports. UBS Group upped their price objective on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Morgan Stanley downgraded Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 7th. Barclays decreased their target price on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Wall Street Zen downgraded Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $92.40.

Coca-Cola Europacific Partners 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.