Schroder Investment Management Group Sells 344,441 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Schroder Investment Management Group lessened its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 92.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,724 shares of the company's stock after selling 344,441 shares during the period. Schroder Investment Management Group's holdings in Coca-Cola Europacific Partners were worth $2,113,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Cibc World Markets Corp increased its stake in shares of Coca-Cola Europacific Partners by 1.4% during the fourth quarter. Cibc World Markets Corp now owns 10,200 shares of the company's stock valued at $783,000 after buying an additional 139 shares during the period. TIAA Trust National Association boosted its holdings in Coca-Cola Europacific Partners by 4.4% in the fourth quarter. TIAA Trust National Association now owns 3,420 shares of the company's stock valued at $263,000 after acquiring an additional 145 shares in the last quarter. Moody Lynn & Lieberson LLC increased its position in 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 valued at $242,000 after purchasing an additional 150 shares during the period. Blue Trust Inc. raised its holdings 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 worth $94,000 after purchasing an additional 166 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its position in shares of Coca-Cola Europacific Partners by 4.7% in the 4th quarter. Vestmark Advisory Solutions Inc. now owns 3,855 shares of the company's stock worth $296,000 after purchasing an additional 172 shares during the period. Institutional investors own 31.35% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. UBS Group increased their price target 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. Evercore ISI lifted their price target 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. Barclays increased their price objective on Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the stock an "overweight" rating in a report on Friday. Finally, Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. 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 issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $87.13.

Coca-Cola Europacific Partners Stock Up 1.9 %

Coca-Cola Europacific Partners stock traded up $1.61 during mid-day trading on Friday, hitting $86.60. The company had a trading volume of 2,756,288 shares, compared to its average volume of 1,687,447. Coca-Cola Europacific Partners PLC has a 12 month low of $65.94 and a 12 month high of $91.29. The company has a market capitalization of $39.92 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73. The stock's 50 day moving average price is $84.58 and its two-hundred day moving average price is $79.73. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

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.