Massachusetts Financial Services Co. MA Decreases Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Massachusetts Financial Services Co. MA reduced its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 0.3% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 2,750,465 shares of the company's stock after selling 7,511 shares during the period. Massachusetts Financial Services Co. MA owned approximately 0.60% of Coca-Cola Europacific Partners worth $211,263,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in CCEP. Cibc World Markets Corp raised its stake in shares of Coca-Cola Europacific Partners by 1.4% during the 4th quarter. Cibc World Markets Corp now owns 10,200 shares of the company's stock worth $783,000 after buying an additional 139 shares during the last quarter. TIAA Trust National Association increased its stake in shares of Coca-Cola Europacific Partners by 4.4% during the 4th quarter. TIAA Trust National Association now owns 3,420 shares of the company's stock worth $263,000 after purchasing an additional 145 shares in the last quarter. Moody Lynn & Lieberson LLC raised its position in shares of Coca-Cola Europacific Partners by 5.0% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company's stock worth $242,000 after purchasing an additional 150 shares during the last quarter. Blue Trust Inc. lifted its stake 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, Vestmark Advisory Solutions Inc. grew its holdings in Coca-Cola Europacific Partners by 4.7% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 3,855 shares of the company's stock valued at $296,000 after buying an additional 172 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Trading Up 4.0 %

CCEP stock traded up $3.25 during trading on Wednesday, reaching $85.09. 6,596,843 shares of the stock traded hands, compared to its average volume of 1,674,293. The firm has a market capitalization of $39.22 billion, a PE ratio of 17.51, a P/E/G ratio of 4.89 and a beta of 0.73. Coca-Cola Europacific Partners PLC has a 52-week low of $65.94 and a 52-week high of $91.29. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The business's 50 day moving average price is $84.27 and its 200-day moving average price is $79.64.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. UBS Group lifted 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 note on Thursday, December 12th. Barclays boosted their price target on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Finally, Evercore ISI lifted their price objective on 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. 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 company. According to MarketBeat, Coca-Cola Europacific Partners currently has an average rating of "Moderate Buy" and an average target price of $87.00.

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.