Boston Partners lowered its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 4.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,068,692 shares of the company's stock after selling 332,882 shares during the quarter. Boston Partners owned approximately 1.53% of Coca-Cola Europacific Partners worth $542,983,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Coca-Cola Europacific Partners by 85.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock valued at $33,000 after purchasing an additional 197 shares in the last quarter. Whipplewood Advisors LLC bought a new stake in Coca-Cola Europacific Partners during the fourth quarter worth approximately $52,000. Brown Brothers Harriman & Co. lifted its holdings in Coca-Cola Europacific Partners by 1,604.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company's stock valued at $67,000 after acquiring an additional 802 shares during the last quarter. Finally, Blue Trust Inc. grew its holdings in shares of Coca-Cola Europacific Partners by 16.2% in the 4th 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. Institutional investors own 31.35% of the company's stock.
Coca-Cola Europacific Partners Price Performance
CCEP stock traded up $0.09 during trading on Wednesday, hitting $85.68. 3,790,870 shares of the stock traded hands, compared to its average volume of 1,402,857. 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 market cap of $39.49 billion, a price-to-earnings ratio of 17.63, a P/E/G ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a one year low of $65.94 and a one year high of $88.39. The company has a 50 day simple moving average of $81.38 and a 200 day simple moving average of $79.11.
Wall Street Analyst Weigh In
A number of analysts have recently issued reports on CCEP shares. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. Evercore ISI boosted their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. UBS Group lifted their price objective on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a "market perform" rating and a $82.00 price objective on the stock. Finally, Barclays increased their target price on shares of Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an "overweight" rating in a research note on Thursday, March 6th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.67.
View Our Latest Stock Analysis on CCEP
Coca-Cola Europacific Partners Company Profile
(
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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