FIL Ltd Sells 393,956 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

FIL Ltd lessened its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 11.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,172,526 shares of the company's stock after selling 393,956 shares during the period. FIL Ltd owned about 0.69% of Coca-Cola Europacific Partners worth $244,151,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in Coca-Cola Europacific Partners in the 4th quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Coca-Cola Europacific Partners by 85.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock valued at $33,000 after purchasing an additional 197 shares in the last quarter. Summit Securities Group LLC bought a new position in Coca-Cola Europacific Partners in the fourth quarter valued at about $34,000. Whipplewood Advisors LLC bought a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter valued at approximately $52,000. Finally, Blue Trust Inc. increased its holdings in shares of 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 buying an additional 166 shares in the last quarter. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP traded up $1.42 during mid-day trading on Monday, hitting $88.02. The stock had a trading volume of 541,868 shares, compared to its average volume of 1,684,521. Coca-Cola Europacific Partners PLC has a 52 week low of $65.94 and a 52 week high of $91.29. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The business has a fifty day moving average price of $84.58 and a 200-day moving average price of $79.73. The firm has a market cap of $40.57 billion, a P/E ratio of 18.11, a PEG ratio of 4.89 and a beta of 0.73.

Wall Street Analysts Forecast Growth

CCEP has been the topic of a number of research reports. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Barclays boosted their price target on Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Evercore ISI boosted their target price 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. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target 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.