Janus Henderson Group PLC Buys New Holdings in Coca-Cola Europacific Partners $CCEP

Janus Henderson Group PLC purchased a new position in Coca-Cola Europacific Partners (NASDAQ:CCEP) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 1,070,753 shares of the company’s stock, valued at approximately $97,058,000. Janus Henderson Group PLC owned 0.23% of Coca-Cola Europacific Partners at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bayban bought a new position in shares of Coca-Cola Europacific Partners during the fourth quarter worth $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 407.1% during the 1st quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the company’s stock valued at $32,000 after purchasing an additional 285 shares during the last quarter. Whipplewood Advisors LLC grew its position in shares of Coca-Cola Europacific Partners by 1,537.5% during the first quarter. Whipplewood Advisors LLC now owns 393 shares of the company’s stock valued at $36,000 after purchasing an additional 369 shares in the last quarter. Quarry LP increased its holdings in shares of Coca-Cola Europacific Partners by 59.1% in the fourth quarter. Quarry LP now owns 393 shares of the company’s stock worth $36,000 after purchasing an additional 146 shares during the last quarter. Finally, 1248 Management LLC purchased a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $38,000. Institutional investors own 31.35% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on CCEP. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, July 2nd. Weiss Ratings cut shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. UBS Group increased their price objective on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Barclays boosted their target price on shares of Coca-Cola Europacific Partners from $108.00 to $114.00 and gave the stock an “overweight” rating in a report on Tuesday, July 21st. Finally, Wells Fargo & Company increased their price target on shares of Coca-Cola Europacific Partners from $110.00 to $115.00 and gave the company an “overweight” rating in a report on Wednesday, July 8th. Eight investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and a consensus target price of $107.88.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $109.46 on Friday. The stock’s fifty day moving average is $101.05 and its 200 day moving average is $97.81. Coca-Cola Europacific Partners has a fifty-two week low of $84.65 and a fifty-two week high of $113.67. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.60 and a current ratio of 0.80.

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.