Coca-Cola Europacific Partners (CCEP)

• Market cap: $41.7B
• 1 day: 2.04%
• 5 days: 1.41%
• 1 month: 4.26%
• 3 months: 14.40%
• 6 months: 18.77%
• Year to date: 18.54%
• 1 year: 25.99%
• 5 years: 128.91%
• 10 years: 104.32%
• Sector: Consumer Staples
• Industry: Beverages - Non-Alcoholic

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, Australasia, and South-East Asia.In 2024, CCEP sold 3.9 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 over 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: 41,000

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

703% more call options, than puts

Call options by funds: $84.4M | Put options by funds: $10.5M

50% more funds holding in top 10

Funds holding in top 10: 4 [Q3] → 6 (+2) [Q4]

17% more first-time investments, than exits

New positions opened: 81 | Existing positions closed: 69

1.96% more ownership

Funds ownership: 29.73% [Q3] → 31.69% (+1.96%) [Q4]

1% more funds holding

Funds holding: 517 [Q3] → 523 (+6) [Q4]

4% more capital invested

Capital invested by funds: $10.8B [Q3] → $11.2B (+$478M) [Q4]

2% more repeat investments, than reductions

Existing positions increased: 186 | Existing positions reduced: 182

Research analyst outlook

3 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $90 1% downside
• Avg. target: $97 7% upside
• High target: $100 10% upside

3 analyst ratings

• positive: 3 100%
• neutral: 0 0%
• negative: 0 0%

UBS Sanjeet Auija 50% 1-year accuracy 1 / 2 met price target	10% upside $100	Buy Maintained	30 Apr 2025
Barclays Lauren Lieberman 57% 1-year accuracy 51 / 89 met price target	10% upside $100	Overweight Maintained	11 Apr 2025
Evercore ISI Group Robert Ottenstein 38% 1-year accuracy 6 / 16 met price target	1% downside $90	Outperform Maintained	18 Feb 2025