Andra AP fonden decreased its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 6.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 183,250 shares of the company's stock after selling 12,800 shares during the period. Andra AP fonden's holdings in Coca-Cola Europacific Partners were worth $14,075,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in the stock. Moody Lynn & Lieberson LLC grew its stake in shares of Coca-Cola Europacific Partners by 5.0% in the 4th quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company's stock valued at $242,000 after buying an additional 150 shares during the period. Blue Trust Inc. increased its stake in Coca-Cola Europacific Partners by 16.2% during the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock worth $94,000 after acquiring an additional 166 shares during the last quarter. Vestmark Advisory Solutions Inc. raised its position in Coca-Cola Europacific Partners by 4.7% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 3,855 shares of the company's stock valued at $296,000 after purchasing an additional 172 shares during the period. HighTower Advisors LLC lifted its stake in shares of Coca-Cola Europacific Partners by 0.4% in the 3rd quarter. HighTower Advisors LLC now owns 41,187 shares of the company's stock valued at $3,242,000 after purchasing an additional 177 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of Coca-Cola Europacific Partners by 0.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 47,496 shares of the company's stock worth $3,740,000 after purchasing an additional 177 shares during the period. 31.35% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
A number of research firms have commented on CCEP. Evercore ISI upped their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $85.00 to $82.00 in a research report on Wednesday, November 27th. Barclays boosted their target price on Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an "overweight" rating in a research report on Thursday, March 6th. Morgan Stanley raised Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. Finally, Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a "market perform" rating and a $82.00 target price on the stock. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $86.67.
Read Our Latest Stock Report on Coca-Cola Europacific Partners
Coca-Cola Europacific Partners Stock Down 0.5 %
NASDAQ CCEP traded down $0.45 during trading on Wednesday, reaching $82.92. 2,412,718 shares of the company's stock were exchanged, compared to its average volume of 1,386,564. The company has a 50 day moving average price of $80.43 and a two-hundred day moving average price of $78.93. The stock has a market cap of $38.22 billion, a P/E ratio of 17.06, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a 1 year low of $65.94 and a 1 year high of $88.39. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81.
Coca-Cola Europacific Partners Profile
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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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