Foundry Partners LLC Sells 25,079 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Foundry Partners LLC lowered its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 11.9% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 186,437 shares of the company's stock after selling 25,079 shares during the period. Foundry Partners LLC's holdings in Coca-Cola Europacific Partners were worth $14,320,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of CCEP. Amundi raised its position in Coca-Cola Europacific Partners by 2.9% in the 4th quarter. Amundi now owns 3,078,851 shares of the company's stock valued at $233,716,000 after buying an additional 87,675 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of Coca-Cola Europacific Partners by 43.3% during the fourth quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company's stock valued at $221,835,000 after buying an additional 872,060 shares during the period. Norges Bank bought a new position in shares of Coca-Cola Europacific Partners in the fourth quarter valued at approximately $190,999,000. Geode Capital Management LLC grew its stake in Coca-Cola Europacific Partners by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 2,130,501 shares of the company's stock valued at $162,748,000 after acquiring an additional 82,325 shares in the last quarter. Finally, Franklin Resources Inc. increased its holdings in Coca-Cola Europacific Partners by 15.9% during the 4th quarter. Franklin Resources Inc. now owns 762,977 shares of the company's stock worth $58,604,000 after acquiring an additional 104,423 shares during the period. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Stock Down 0.0 %

Shares of CCEP stock traded down $0.04 during mid-day trading on Wednesday, hitting $81.80. The company's stock had a trading volume of 1,248,482 shares, compared to its average volume of 1,650,667. The business has a 50-day moving average price of $84.02 and a 200 day moving average price of $79.57. 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 market cap of $37.71 billion, a price-to-earnings ratio of 16.84, a PEG ratio of 4.89 and a beta of 0.73. Coca-Cola Europacific Partners PLC has a 52-week low of $65.94 and a 52-week high of $91.29.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on CCEP. Evercore ISI lifted their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. Kepler Capital Markets cut Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. Barclays increased their price objective on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an "overweight" rating in a research report on Thursday, March 27th. Finally, UBS Group lifted 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. 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 assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of "Moderate Buy" and a consensus target price of $87.00.

About Coca-Cola Europacific Partners

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.