LBP AM SA decreased its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 79.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,430 shares of the company's stock after selling 141,191 shares during the quarter. LBP AM SA's holdings in Coca-Cola Europacific Partners were worth $2,798,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of CCEP. World Investment Advisors LLC bought a new position in Coca-Cola Europacific Partners in the 3rd quarter valued at $6,975,000. Amundi grew its stake 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 purchasing an additional 87,675 shares during the period. Transform Wealth LLC grew its stake in Coca-Cola Europacific Partners by 7.7% in the 4th quarter. Transform Wealth LLC now owns 138,691 shares of the company's stock valued at $10,653,000 after purchasing an additional 9,864 shares during the period. Geode Capital Management LLC grew its stake in Coca-Cola Europacific Partners by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company's stock valued at $160,138,000 after purchasing an additional 58,247 shares during the period. Finally, Quantbot Technologies LP grew its stake in Coca-Cola Europacific Partners by 617.2% in the 3rd quarter. Quantbot Technologies LP now owns 44,660 shares of the company's stock valued at $3,517,000 after purchasing an additional 38,433 shares during the period. Institutional investors own 31.35% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have recently commented on CCEP shares. Morgan Stanley raised Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research report on Monday, December 9th. Kepler Capital Markets cut Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. JPMorgan Chase & Co. cut Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and dropped their price target for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. Barclays upped their price target on Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an "overweight" rating in a research report on Thursday, March 6th. Finally, Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a "market perform" rating and a $82.00 price target on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of "Moderate Buy" and an average target price of $86.88.
Read Our Latest Report on CCEP
Coca-Cola Europacific Partners Price Performance
Shares of NASDAQ:CCEP traded down $0.12 on Thursday, hitting $85.56. The company's stock had a trading volume of 3,398,025 shares, compared to its average volume of 1,409,437. The company has a 50-day simple moving average of $81.38 and a 200 day simple moving average of $79.11. Coca-Cola Europacific Partners PLC has a 1 year low of $65.94 and a 1 year high of $88.39. The company has a market capitalization of $39.44 billion, a PE ratio of 17.60, a PEG ratio of 4.89 and a beta of 0.91. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63.
Coca-Cola Europacific Partners Profile
(
Free Report)
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.
Recommended Stories
Before you consider Coca-Cola Europacific Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coca-Cola Europacific Partners wasn't on the list.
While Coca-Cola Europacific Partners currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Enter your email address and below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
