Allspring Global Investments Holdings LLC Cuts Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Allspring Global Investments Holdings LLC decreased its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 4.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 160,228 shares of the company's stock after selling 6,681 shares during the period. Allspring Global Investments Holdings LLC's holdings in Coca-Cola Europacific Partners were worth $12,265,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. CWM LLC boosted its stake in Coca-Cola Europacific Partners by 14.5% in the 3rd quarter. CWM LLC now owns 1,318 shares of the company's stock worth $104,000 after purchasing an additional 167 shares in the last quarter. Creative Planning boosted its stake in Coca-Cola Europacific Partners by 2.9% in the 3rd quarter. Creative Planning now owns 33,685 shares of the company's stock worth $2,653,000 after purchasing an additional 942 shares in the last quarter. Blue Trust Inc. boosted its stake in Coca-Cola Europacific Partners by 21.5% in the 3rd quarter. Blue Trust Inc. now owns 1,023 shares of the company's stock worth $75,000 after purchasing an additional 181 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its stake in Coca-Cola Europacific Partners by 38.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company's stock valued at $40,000 after acquiring an additional 139 shares during the period. Finally, Signaturefd LLC lifted its stake in Coca-Cola Europacific Partners by 4.2% during the 3rd quarter. Signaturefd LLC now owns 5,977 shares of the company's stock valued at $471,000 after acquiring an additional 242 shares during the period. Hedge funds and other institutional investors own 31.35% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on CCEP. UBS Group lifted their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. Evercore ISI lifted their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday. Barclays decreased their price objective on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and decreased their price objective for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners currently has a consensus rating of "Moderate Buy" and a consensus target price of $85.00.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP traded up $0.74 during trading hours on Friday, hitting $87.29. The stock had a trading volume of 1,774,425 shares, compared to its average volume of 1,646,748. 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 firm has a 50-day moving average price of $78.29 and a 200 day moving average price of $78.10. Coca-Cola Europacific Partners PLC has a fifty-two week low of $65.94 and a fifty-two week high of $87.59.

Coca-Cola Europacific Partners Company Profile

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.