Barrow Hanley Mewhinney & Strauss LLC Decreases Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Barrow Hanley Mewhinney & Strauss LLC decreased its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 5.5% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 495,953 shares of the company's stock after selling 29,039 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned about 0.11% of Coca-Cola Europacific Partners worth $38,094,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new stake in Coca-Cola Europacific Partners in the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB boosted its position in shares of Coca-Cola Europacific Partners by 85.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock worth $33,000 after purchasing an additional 197 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at about $52,000. Blue Trust Inc. increased its position in Coca-Cola Europacific Partners by 16.2% in the 4th quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock valued at $94,000 after buying an additional 166 shares in the last quarter. Finally, Icon Wealth Advisors LLC acquired a new position in Coca-Cola Europacific Partners during the 3rd quarter worth approximately $105,000. Institutional investors own 31.35% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CCEP shares. Kepler Capital Markets cut Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. Barclays lifted their price target on shares of Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Evercore ISI upped their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. Finally, UBS Group boosted 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 research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $87.00.

Coca-Cola Europacific Partners Stock Down 6.6 %

Shares of CCEP traded down $5.89 during trading hours on Friday, reaching $83.93. 3,856,729 shares of the stock traded hands, compared to its average volume of 1,633,121. Coca-Cola Europacific Partners PLC has a 52 week low of $65.94 and a 52 week high of $92.09. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The stock has a fifty day simple moving average of $83.77 and a 200 day simple moving average of $79.55. The company has a market cap of $38.69 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 4.89 and a beta of 0.73.

About Coca-Cola Europacific Partners

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.