California State Teachers Retirement System Boosts Stake in Coca-Cola Europacific Partners

California State Teachers Retirement System significantly increased its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) by buying 16,946,824 shares during the second quarter. The institutional investor's total holdings now comprise approximately 3.72% of the company's stock, valued at $1,715,379,000.

According to its most recent Form 13F filing with the Securities and Exchange Commission, the California State Teachers Retirement System's stake in Coca-Cola Europacific Partners increased by 8,692.1%. The system now owns a total of 17,141,791 shares of the company's stock.

This significant increase is not an isolated incident, as numerous other institutional investors have also added to their stakes in Coca-Cola Europacific Partners during recent quarters. Annis Gardner Whiting Capital Advisors LLC grew its stake by 407.1% and now owns 355 shares worth $32,000. Similarly, Whipplewood Advisors LLC increased its holdings by 1,537.5%, owning 393 shares valued at $36,000.

Coca-Cola Europacific Partners is a major Coca-Cola bottling partner that manufactures, markets, sells, and distributes a wide range of beverages across Europe and the Asia-Pacific region. The company's stock has been subject to various analyst ratings, with seven analysts recommending a 'buy' rating and three assigning a 'hold' rating.