Twin Tree Management LP Sells 53,204 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Twin Tree Management LP lowered its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 62.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 32,087 shares of the company's stock after selling 53,204 shares during the quarter. Twin Tree Management LP's holdings in Coca-Cola Europacific Partners were worth $2,465,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. World Investment Advisors LLC bought a new position in Coca-Cola Europacific Partners during the third quarter valued at approximately $6,975,000. Amundi increased its position in Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Amundi now owns 3,078,851 shares of the company's stock worth $233,716,000 after purchasing an additional 87,675 shares during the last quarter. Transform Wealth LLC increased its position in Coca-Cola Europacific Partners by 7.7% in the fourth quarter. Transform Wealth LLC now owns 138,691 shares of the company's stock worth $10,653,000 after purchasing an additional 9,864 shares during the last quarter. Geode Capital Management LLC lifted its position in Coca-Cola Europacific Partners by 2.9% during the third quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company's stock valued at $160,138,000 after purchasing an additional 58,247 shares during the last quarter. Finally, Quantbot Technologies LP grew its stake in shares of Coca-Cola Europacific Partners by 617.2% in the 3rd quarter. Quantbot Technologies LP now owns 44,660 shares of the company's stock worth $3,517,000 after buying an additional 38,433 shares in the last quarter. Institutional investors own 31.35% of the company's stock.

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Analysts Set New Price Targets

A number of brokerages recently commented on CCEP. Evercore ISI increased their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Morgan Stanley upgraded Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a report on Monday, December 9th. UBS Group increased their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a "buy" rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. Finally, Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. One equities 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 issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $86.88.

Coca-Cola Europacific Partners Trading Down 0.7 %

Coca-Cola Europacific Partners stock traded down $0.64 during trading hours on Friday, hitting $84.92. The company had a trading volume of 13,187,704 shares, compared to its average volume of 1,458,088. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The firm has a market cap of $39.14 billion, a P/E ratio of 17.47, a P/E/G ratio of 4.89 and a beta of 0.91. The company has a 50-day moving average price of $81.80 and a two-hundred day moving average price of $79.19. Coca-Cola Europacific Partners PLC has a 1 year low of $65.94 and a 1 year high of $88.39.

Coca-Cola Europacific Partners Company 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.