Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Position Trimmed by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lessened its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 57.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,706 shares of the company's stock after selling 7,623 shares during the quarter. Dynamic Technology Lab Private Ltd's holdings in Coca-Cola Europacific Partners were worth $438,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of CCEP. SBI Securities Co. Ltd. purchased a new position in Coca-Cola Europacific Partners during the 4th quarter worth $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Coca-Cola Europacific Partners by 85.3% in the 4th 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. Summit Securities Group LLC acquired a new position in Coca-Cola Europacific Partners during the 4th quarter worth approximately $34,000. Whipplewood Advisors LLC purchased a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth approximately $52,000. Finally, Blue Trust Inc. raised its position in Coca-Cola Europacific Partners by 16.2% in 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 in the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. Evercore ISI boosted their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a research note on Tuesday, February 18th. 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. Finally, Barclays lifted their target price on shares of Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the stock an "overweight" rating in a research report on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $87.13.

Coca-Cola Europacific Partners Stock Up 1.6 %

CCEP stock traded up $1.36 during trading on Monday, reaching $87.96. The stock had a trading volume of 381,354 shares, compared to its average volume of 1,683,847. Coca-Cola Europacific Partners PLC has a 1-year low of $65.94 and a 1-year high of $91.29. The company has a market capitalization of $40.54 billion, a P/E ratio of 18.10, a PEG ratio of 4.89 and a beta of 0.73. 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 firm has a fifty day moving average price of $84.58 and a 200 day moving average price of $79.73.

Coca-Cola Europacific Partners 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.