Achmea Investment Management B.V. reduced its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 28.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,422 shares of the company's stock after selling 17,974 shares during the period. Achmea Investment Management B.V.'s holdings in Coca-Cola Europacific Partners were worth $3,489,000 at the end of the most recent reporting period.
Several other large investors have also recently added to or reduced their stakes in CCEP. AGF Management Ltd. boosted its stake in Coca-Cola Europacific Partners by 6.3% in the fourth quarter. AGF Management Ltd. now owns 4,234 shares of the company's stock valued at $325,000 after acquiring an additional 250 shares during the period. Daiwa Securities Group Inc. grew its stake in Coca-Cola Europacific Partners by 3.4% during the 4th quarter. Daiwa Securities Group Inc. now owns 47,117 shares of the company's stock worth $3,619,000 after buying an additional 1,560 shares during the last quarter. Moran Wealth Management LLC increased its position in Coca-Cola Europacific Partners by 4.3% in the fourth quarter. Moran Wealth Management LLC now owns 46,122 shares of the company's stock worth $3,543,000 after buying an additional 1,905 shares during the period. Amundi lifted its stake in Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Amundi now owns 3,078,851 shares of the company's stock valued at $233,716,000 after buying an additional 87,675 shares during the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 38.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 19,948 shares of the company's stock valued at $1,532,000 after acquiring an additional 5,554 shares during the period. 31.35% of the stock is currently owned by institutional investors.
Coca-Cola Europacific Partners Stock Up 0.1 %
Shares of NASDAQ CCEP traded up $0.09 during mid-day trading on Wednesday, reaching $85.68. The company had a trading volume of 3,499,970 shares, compared to its average volume of 2,057,452. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The company has a market capitalization of $39.49 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 4.89 and a beta of 0.91. The stock has a fifty day moving average of $81.19 and a two-hundred day moving average of $79.07. Coca-Cola Europacific Partners PLC has a 12-month low of $65.94 and a 12-month high of $88.39.
Wall Street Analyst Weigh In
Several brokerages have commented on CCEP. Sanford C. Bernstein started coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They issued a "market perform" rating and a $82.00 price target on the stock. Morgan Stanley raised Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. JPMorgan Chase & Co. downgraded shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and dropped their price target for the stock from $85.00 to $82.00 in a research report on Wednesday, November 27th. Evercore ISI raised their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Finally, UBS Group raised their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.67.
Read Our Latest Stock Analysis on CCEP
About Coca-Cola Europacific Partners
(
Free Report)
Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.
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