Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Epoch Investment Partners Inc.

Epoch Investment Partners Inc. lessened its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 8.8% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,213,597 shares of the company's stock after selling 214,737 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.48% of Coca-Cola Europacific Partners worth $170,026,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of CCEP. CANADA LIFE ASSURANCE Co grew its position in shares of Coca-Cola Europacific Partners by 9.0% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 285,414 shares of the company's stock valued at $21,907,000 after purchasing an additional 23,660 shares in the last quarter. Marshall Wace LLP increased its stake in Coca-Cola Europacific Partners by 203.0% in the 4th quarter. Marshall Wace LLP now owns 433,377 shares of the company's stock worth $33,288,000 after acquiring an additional 290,352 shares during the last quarter. Bridgewater Associates LP bought a new stake in Coca-Cola Europacific Partners in the 4th quarter worth approximately $1,473,000. Mariner LLC raised its holdings in shares of Coca-Cola Europacific Partners by 4.1% during the 4th quarter. Mariner LLC now owns 56,993 shares of the company's stock worth $4,377,000 after acquiring an additional 2,269 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Coca-Cola Europacific Partners by 236.4% during the 4th quarter. Barclays PLC now owns 1,804,855 shares of the company's stock valued at $138,631,000 after acquiring an additional 1,268,401 shares during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Down 2.0 %

CCEP traded down $1.83 on Wednesday, hitting $88.89. The company had a trading volume of 3,464,804 shares, compared to its average volume of 1,707,794. The stock has a market capitalization of $40.97 billion, a price-to-earnings ratio of 18.29, a P/E/G ratio of 4.89 and a beta of 0.73. 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 stock has a fifty day moving average price of $85.71 and a 200-day moving average price of $80.25. Coca-Cola Europacific Partners PLC has a 12-month low of $68.45 and a 12-month high of $91.29.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Barclays increased their price objective on shares of Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Evercore ISI upped 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. Finally, Kepler Capital Markets cut Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. One equities research 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 stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $87.13.

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.