Janney Montgomery Scott LLC Sells 4,383 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Janney Montgomery Scott LLC reduced its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 27.6% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 11,523 shares of the company's stock after selling 4,383 shares during the period. Janney Montgomery Scott LLC's holdings in Coca-Cola Europacific Partners were worth $885,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in CCEP. Massachusetts Financial Services Co. MA lifted its stake in Coca-Cola Europacific Partners by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company's stock worth $217,191,000 after purchasing an additional 32,776 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Coca-Cola Europacific Partners by 307.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company's stock valued at $191,984,000 after acquiring an additional 1,839,321 shares during the last quarter. Geode Capital Management LLC boosted its holdings in Coca-Cola Europacific Partners by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company's stock valued at $160,138,000 after acquiring an additional 58,247 shares during the period. Janus Henderson Group PLC bought a new position in Coca-Cola Europacific Partners during the 3rd quarter worth approximately $52,364,000. Finally, Citigroup Inc. increased its stake in Coca-Cola Europacific Partners by 9.8% in the 3rd quarter. Citigroup Inc. now owns 630,779 shares of the company's stock worth $49,674,000 after purchasing an additional 56,551 shares during the period. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have recently weighed in on CCEP. Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a "market perform" rating and a $82.00 price objective for the company. UBS Group increased their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Barclays decreased their price objective on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an "overweight" rating on the stock in a research report on Friday, January 17th. Evercore ISI raised their target price on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Finally, JPMorgan Chase & Co. lowered Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and lowered their price target for the company from $85.00 to $82.00 in a research report 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 company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $84.11.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock traded up $0.39 during midday trading on Monday, reaching $80.42. 1,471,007 shares of the stock were exchanged, compared to its average volume of 1,536,366. Coca-Cola Europacific Partners PLC has a 1 year low of $65.77 and a 1 year high of $82.32. The company's 50 day moving average is $77.08 and its two-hundred day moving average is $77.42. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12.

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.