Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Silchester International Investors LLP

Silchester International Investors LLP lessened its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 8.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 75,691 shares of the company's stock after selling 6,732 shares during the quarter. Coca-Cola Europacific Partners comprises about 0.8% of Silchester International Investors LLP's investment portfolio, making the stock its 3rd largest holding. Silchester International Investors LLP's holdings in Coca-Cola Europacific Partners were worth $5,961,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Whittier Trust Co. of Nevada Inc. increased its holdings in Coca-Cola Europacific Partners by 38.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company's stock valued at $40,000 after purchasing an additional 139 shares during the last quarter. Signaturefd LLC increased its holdings in shares of Coca-Cola Europacific Partners by 2.6% in the second quarter. Signaturefd LLC now owns 5,735 shares of the company's stock worth $418,000 after acquiring an additional 147 shares in the last quarter. Waverly Advisors LLC increased its holdings in shares of Coca-Cola Europacific Partners by 1.0% in the first quarter. Waverly Advisors LLC now owns 14,856 shares of the company's stock worth $1,039,000 after acquiring an additional 151 shares in the last quarter. CWM LLC increased its holdings in shares of Coca-Cola Europacific Partners by 14.5% in the third quarter. CWM LLC now owns 1,318 shares of the company's stock worth $104,000 after acquiring an additional 167 shares in the last quarter. Finally, Legacy Financial Advisors Inc. increased its holdings in shares of Coca-Cola Europacific Partners by 3.8% in the second quarter. Legacy Financial Advisors Inc. now owns 4,605 shares of the company's stock worth $336,000 after acquiring an additional 168 shares in the last quarter. Institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Up 0.1 %

NASDAQ CCEP traded up $0.08 during trading hours on Friday, hitting $77.98. 1,022,872 shares of the company traded hands, compared to its average volume of 1,404,587. The business's 50-day moving average is $79.04 and its 200-day moving average is $75.01. Coca-Cola Europacific Partners PLC has a twelve month low of $57.48 and a twelve month high of $82.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. The stock has a market capitalization of $35.62 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 3.54 and a beta of 0.90.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on CCEP shares. Deutsche Bank Aktiengesellschaft increased their price target on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a "buy" rating in a report on Monday, September 9th. Citigroup upgraded Coca-Cola Europacific Partners to a "strong-buy" rating in a report on Thursday, October 3rd. BNP Paribas downgraded Coca-Cola Europacific Partners from an "outperform" rating to a "neutral" rating and set a $81.00 price target for the company. in a report on Tuesday, September 10th. Barclays reduced their price objective on Coca-Cola Europacific Partners from $85.00 to $84.00 and set an "overweight" rating for the company in a research report on Friday, October 11th. Finally, Bank of America upped their price objective on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a "buy" rating in a research report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $80.88.

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.