Orion Portfolio Solutions LLC Reduces Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Orion Portfolio Solutions LLC trimmed its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 60.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,219 shares of the company's stock after selling 14,363 shares during the quarter. Orion Portfolio Solutions LLC's holdings in Coca-Cola Europacific Partners were worth $708,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Amundi grew its position in shares of Coca-Cola Europacific Partners by 2.9% in the 4th 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 period. JPMorgan Chase & Co. boosted its stake in Coca-Cola Europacific Partners by 43.3% during the fourth 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. Norges Bank purchased a new stake in Coca-Cola Europacific Partners in the fourth quarter worth about $190,999,000. Geode Capital Management LLC increased its stake in shares of Coca-Cola Europacific Partners by 2.9% during the third 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 in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Coca-Cola Europacific Partners by 0.6% during the fourth quarter. Bank of New York Mellon Corp now owns 643,090 shares of the company's stock valued at $49,396,000 after purchasing an additional 3,719 shares in the last quarter. 31.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the company. Barclays upped their price target on Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the stock an "overweight" rating in a research note on Friday. UBS Group boosted their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Evercore ISI raised their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. Finally, Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of "Moderate Buy" and a consensus target price of $87.13.

Coca-Cola Europacific Partners Stock Performance

CCEP traded up $1.61 during midday trading on Friday, hitting $86.60. 2,756,288 shares of the company traded hands, compared to its average volume of 1,687,447. The company's 50-day moving average is $84.58 and its 200 day moving average is $79.73. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $39.92 billion, a PE ratio of 17.82, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73. Coca-Cola Europacific Partners PLC has a 52 week low of $65.94 and a 52 week high of $91.29.

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.