Coca-Cola Europacific PartnersCCEP
Market Cap: $37.2B
About: CCEP is the second-largest bottling partner in the Coca-Cola system by volume, behind Coca-Cola Femsa, and primarily operates in developed Europe (80% of 2023 revenue and EBIT) and Australasia (20%). In 2023 it announced the planned acquisition of Coca-Cola Beverages Philippines from TCCC.In 2023, CCEP sold 3.3 billion unit cases of beverages, which we estimate equates to roughly 9% of the global Coke system volume. Coke's largest bottler, Coca-Cola Femsa sold 4 billion unit cases (12%), and the third-largest, Coca-Cola HBC, serving Eastern Europe and North Africa, sold 2.8 billion unit cases (8%).TCCC owns 19% of the equity of CCEP, Olive Partners, a holding company of bottling operations, owns a further 36%, and the remaining 45% is free float.
Employees: 33,295
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
1,184% more call options, than puts
Call options by funds: $111M | Put options by funds: $8.69M
100% more funds holding in top 10
Funds holding in top 10: 4 [Q1] → 8 (+4) [Q2]
20% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 49
2% more funds holding
Funds holding: 479 [Q1] → 489 (+10) [Q2]
9% more repeat investments, than reductions
Existing positions increased: 185 | Existing positions reduced: 170
4% more capital invested
Capital invested by funds: $10.1B [Q1] → $10.5B (+$446M) [Q2]
0.07% more ownership
Funds ownership: 31.42% [Q1] → 31.49% (+0.07%) [Q2]
Research analyst outlook
3 Wall Street Analysts provided 1 year price targets over the past 3 months
3 analyst ratings
Barclays Lauren Lieberman 65% 1-year accuracy 55 / 85 met price target | 5%upside $85 | Overweight Maintained | 9 Aug 2024 |
Barclays Lauren Lieberman 65% 1-year accuracy 55 / 85 met price target | 2%upside $82 | Overweight Maintained | 19 Jul 2024 |
B of A Securities Bryan Spillane 75% 1-year accuracy 15 / 20 met price target | 2%upside $82 | Buy Maintained | 10 Jul 2024 |
Financial journalist opinion
Based on 3 articles about CCEP published over the past 30 days