Ninety One UK Ltd Trims Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Ninety One UK Ltd decreased its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,403,661 shares of the company's stock after selling 69,119 shares during the period. Ninety One UK Ltd owned 0.30% of Coca-Cola Europacific Partners worth $107,815,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 38.1% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company's stock valued at $40,000 after buying an additional 139 shares during the period. Janney Capital Management LLC increased its stake in Coca-Cola Europacific Partners by 4.4% during the third quarter. Janney Capital Management LLC now owns 3,417 shares of the company's stock worth $269,000 after purchasing an additional 145 shares during the period. Moody Lynn & Lieberson LLC lifted its position in shares of Coca-Cola Europacific Partners by 5.0% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company's stock worth $242,000 after purchasing an additional 150 shares in the last quarter. Blue Trust Inc. boosted its stake in shares of Coca-Cola Europacific Partners by 16.2% in the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock valued at $94,000 after purchasing an additional 166 shares during the period. Finally, CWM LLC grew 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 valued at $104,000 after purchasing an additional 167 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company's stock.

Wall Street Analyst Weigh In

CCEP has been the subject of several recent research reports. JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and decreased their price target for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. Barclays decreased their target price 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. UBS Group increased their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Evercore ISI boosted their price objective on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Finally, Sanford C. Bernstein initiated coverage on shares of Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a "market perform" rating and a $82.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola Europacific Partners currently has a consensus rating of "Moderate Buy" and a consensus price target of $84.11.

Coca-Cola Europacific Partners Stock Down 0.4 %

Shares of CCEP opened at $77.87 on Wednesday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. Coca-Cola Europacific Partners PLC has a 1-year low of $65.77 and a 1-year high of $82.32. The firm has a fifty day moving average price of $76.95 and a 200 day moving average price of $77.25.

About Coca-Cola Europacific Partners

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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