Cullen Capital Management LLC Sells 28,689 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Cullen Capital Management LLC cut its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 626,177 shares of the company's stock after selling 28,689 shares during the quarter. Cullen Capital Management LLC owned about 0.14% of Coca-Cola Europacific Partners worth $48,097,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. acquired a new position in Coca-Cola Europacific Partners in the fourth quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB increased its position in shares of Coca-Cola Europacific Partners by 85.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock worth $33,000 after purchasing an additional 197 shares during the last quarter. Summit Securities Group LLC bought a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at about $34,000. Whipplewood Advisors LLC bought a new position in Coca-Cola Europacific Partners during the fourth quarter worth about $52,000. Finally, Blue Trust Inc. increased its holdings in shares of Coca-Cola Europacific Partners by 16.2% during the 4th quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock worth $94,000 after acquiring an additional 166 shares during the last quarter. Institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Price Performance

CCEP stock traded down $0.55 during mid-day trading on Thursday, hitting $84.54. The stock had a trading volume of 1,935,371 shares, compared to its average volume of 1,675,543. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $38.97 billion, a P/E ratio of 17.33, a P/E/G ratio of 4.89 and a beta of 0.73. The firm has a fifty day simple moving average of $84.27 and a 200 day simple moving average of $79.64. Coca-Cola Europacific Partners PLC has a 52 week low of $65.94 and a 52 week high of $91.29.

Analyst Ratings Changes

Several research firms have commented on CCEP. Barclays upped their price objective on shares of Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an "overweight" rating in a report on Thursday, March 27th. Evercore ISI raised their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. UBS Group lifted their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Finally, Kepler Capital Markets cut Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. One 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. Based on data from MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of "Moderate Buy" and an average price target of $87.00.

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.