Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 24.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 299,877 shares of the company's stock after selling 98,882 shares during the quarter. Natixis Advisors LLC owned 0.07% of Coca-Cola Europacific Partners worth $23,034,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new stake in Coca-Cola Europacific Partners during the fourth quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB raised its holdings in 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 worth $33,000 after purchasing an additional 197 shares in the last quarter. Whipplewood Advisors LLC acquired a new stake in Coca-Cola Europacific Partners during the fourth quarter worth approximately $52,000. Brown Brothers Harriman & Co. raised its holdings in Coca-Cola Europacific Partners by 1,604.0% during the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company's stock worth $67,000 after purchasing an additional 802 shares in the last quarter. Finally, Blue Trust Inc. raised its holdings in Coca-Cola Europacific Partners by 16.2% during the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock worth $94,000 after purchasing an additional 166 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company's stock.

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Analyst Ratings Changes

A number of analysts have weighed in on the stock. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a report on Monday, December 9th. 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. Barclays lifted their price objective on shares of Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an "overweight" rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and lowered their price objective for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. Finally, Sanford C. Bernstein started coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a "market perform" rating and a $82.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $86.88.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP traded down $0.12 during midday trading on Thursday, hitting $85.56. 3,398,087 shares of the stock were exchanged, compared to its average volume of 1,410,562. The stock has a market cap of $39.44 billion, a P/E ratio of 17.60, a PEG ratio of 4.89 and a beta of 0.91. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a twelve month low of $65.94 and a twelve month high of $88.39. The company has a 50 day moving average price of $81.57 and a 200-day moving average price of $79.16.

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.