National Pension Service Sells 31,083 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

National Pension Service cut its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 6.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 418,573 shares of the company's stock after selling 31,083 shares during the quarter. National Pension Service owned about 0.09% of Coca-Cola Europacific Partners worth $32,151,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB increased its stake in Coca-Cola Europacific Partners by 85.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock valued at $33,000 after purchasing an additional 197 shares in the last quarter. Plato Investment Management Ltd bought a new stake in shares of Coca-Cola Europacific Partners during the third quarter valued at approximately $50,000. Brown Brothers Harriman & Co. increased its position in shares of Coca-Cola Europacific Partners by 1,604.0% during the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company's stock valued at $67,000 after acquiring an additional 802 shares in the last quarter. Blue Trust Inc. raised its holdings in Coca-Cola Europacific Partners by 16.2% in the 4th quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock worth $94,000 after acquiring an additional 166 shares during the last quarter. Finally, Icon Wealth Advisors LLC bought a new position in Coca-Cola Europacific Partners in the 3rd quarter valued at approximately $105,000. Hedge funds and other institutional investors own 31.35% of the company's stock.

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Coca-Cola Europacific Partners Stock Performance

CCEP stock traded down $0.67 during midday trading on Tuesday, reaching $86.26. 1,223,622 shares of the company's stock traded hands, compared to its average volume of 1,328,298. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a 52-week low of $65.94 and a 52-week high of $88.39. The stock has a market cap of $39.76 billion, a P/E ratio of 17.76, a PEG ratio of 4.89 and a beta of 0.91. The stock's 50-day moving average is $79.57 and its 200 day moving average is $78.68.

Analyst Upgrades and Downgrades

A number of analysts have commented on CCEP shares. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Barclays reduced their price objective on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an "overweight" rating for the company in a report on Friday, January 17th. JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. Sanford C. Bernstein assumed coverage on shares of Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a "market perform" rating and a $82.00 price target on the stock. Finally, Evercore ISI boosted their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of "Moderate Buy" and an average price target of $85.00.

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.