Coca-Cola Europacific Partners $CCEP Shares Sold by APG Asset Management N.V.

APG Asset Management N.V. trimmed its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 2.3% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 361,471 shares of the company’s stock after selling 8,629 shares during the period. APG Asset Management N.V. owned 0.08% of Coca-Cola Europacific Partners worth $32,681,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Invesco Ltd. raised its holdings in Coca-Cola Europacific Partners by 14.7% in the 2nd quarter. Invesco Ltd. now owns 11,858,949 shares of the company’s stock valued at $1,099,562,000 after acquiring an additional 1,523,055 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Coca-Cola Europacific Partners by 2.6% in the third quarter. Vanguard Group Inc. now owns 10,960,110 shares of the company’s stock valued at $994,598,000 after purchasing an additional 278,083 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of Coca-Cola Europacific Partners by 138.9% in the third quarter. Massachusetts Financial Services Co. MA now owns 5,835,583 shares of the company’s stock valued at $527,595,000 after purchasing an additional 3,392,680 shares during the last quarter. Truist Financial Corp lifted its position in Coca-Cola Europacific Partners by 10,480.7% during the third quarter. Truist Financial Corp now owns 4,756,043 shares of the company’s stock worth $429,994,000 after buying an additional 4,711,093 shares in the last quarter. Finally, State Street Corp boosted its stake in Coca-Cola Europacific Partners by 5.3% during the second quarter. State Street Corp now owns 4,729,040 shares of the company’s stock worth $438,477,000 after buying an additional 239,400 shares during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Up 1.9%

NASDAQ:CCEP opened at $110.43 on Monday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.60 and a current ratio of 0.80. The stock’s fifty day moving average is $94.34 and its two-hundred day moving average is $91.50. Coca-Cola Europacific Partners has a 52 week low of $80.70 and a 52 week high of $110.90.

Analyst Ratings Changes

Several brokerages have issued reports on CCEP. UBS Group upped their target price on Coca-Cola Europacific Partners from $103.00 to $118.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Citigroup reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, February 19th. Bank of America restated a “neutral” rating and set a $96.00 price objective (down from $102.00) on shares of Coca-Cola Europacific Partners in a research report on Wednesday, January 14th. The Goldman Sachs Group boosted their target price on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Finally, Evercore restated an “outperform” rating and set a $112.00 price target on shares of Coca-Cola Europacific Partners in a report 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. According to MarketBeat.com, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and an average price target of $107.71.

About Coca-Cola Europacific Partners

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.