Jump Financial LLC Sells 15,311 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Jump Financial LLC reduced its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 81.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,581 shares of the company's stock after selling 15,311 shares during the period. Jump Financial LLC's holdings in Coca-Cola Europacific Partners were worth $275,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. LPL Financial LLC lifted its stake in shares of Coca-Cola Europacific Partners by 28.1% in the fourth quarter. LPL Financial LLC now owns 117,700 shares of the company's stock valued at $9,041,000 after buying an additional 25,840 shares in the last quarter. JPMorgan Chase & Co. lifted its position in Coca-Cola Europacific Partners by 43.3% in the 4th quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company's stock valued at $221,835,000 after acquiring an additional 872,060 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in Coca-Cola Europacific Partners during the 4th quarter valued at about $446,000. World Investment Advisors LLC acquired a new position in Coca-Cola Europacific Partners during the 3rd quarter valued at about $6,975,000. Finally, Amundi raised its stake in shares of 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. Institutional investors and hedge funds own 31.35% of the company's stock.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP opened at $87.88 on Friday. Coca-Cola Europacific Partners PLC has a fifty-two week low of $70.82 and a fifty-two week high of $91.29. The company's 50-day moving average is $85.88 and its 200 day moving average is $80.48. 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 company has a market capitalization of $40.51 billion, a P/E ratio of 18.08, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on CCEP shares. Kepler Capital Markets cut Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. Evercore ISI lifted 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 report on Tuesday, February 18th. Finally, Barclays increased their target price on shares of Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the company an "overweight" rating in a report on Friday, April 11th. One investment 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 MarketBeat.com, the company presently has an average 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.

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