Legal & General Group Plc Sells 382,181 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Legal & General Group Plc trimmed its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 17.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,857,195 shares of the company's stock after selling 382,181 shares during the quarter. Legal & General Group Plc owned approximately 0.40% of Coca-Cola Europacific Partners worth $142,638,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Invesco Ltd. raised its holdings in shares of Coca-Cola Europacific Partners by 26.3% during the 4th quarter. Invesco Ltd. now owns 10,119,928 shares of the company's stock valued at $777,312,000 after purchasing an additional 2,105,019 shares in the last quarter. FMR LLC raised its holdings in Coca-Cola Europacific Partners by 3.3% during the fourth quarter. FMR LLC now owns 7,234,642 shares of the company's stock valued at $555,693,000 after buying an additional 229,679 shares in the last quarter. Amundi lifted its position 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 buying an additional 87,675 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Coca-Cola Europacific Partners by 43.3% during the 4th quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company's stock worth $221,835,000 after acquiring an additional 872,060 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of Coca-Cola Europacific Partners during the 4th quarter valued at about $190,999,000. Institutional investors and hedge funds own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Up 1.5 %

Shares of NASDAQ CCEP traded up $1.30 during midday trading on Wednesday, hitting $89.62. The stock had a trading volume of 966,375 shares, compared to its average volume of 1,687,660. 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 PLC has a fifty-two week low of $65.94 and a fifty-two week high of $91.29. The firm has a market cap of $41.31 billion, a P/E ratio of 18.44, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73. The company's 50-day simple moving average is $84.92 and its 200 day simple moving average is $79.85.

Analyst Ratings Changes

CCEP has been the topic of a number of recent analyst reports. Evercore ISI lifted their price target on shares of 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. Barclays boosted their price objective on shares of Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the stock an "overweight" rating in a report on Friday, April 11th. Finally, Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $87.13.

Coca-Cola Europacific Partners 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.