Robeco Institutional Asset Management B.V. Sells 224,850 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Robeco Institutional Asset Management B.V. lessened its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 52.1% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 207,000 shares of the company's stock after selling 224,850 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Coca-Cola Europacific Partners were worth $16,301,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of CCEP. Bessemer Group Inc. increased its position in shares of Coca-Cola Europacific Partners by 436.7% during the first quarter. Bessemer Group Inc. now owns 19,514 shares of the company's stock worth $1,365,000 after acquiring an additional 15,878 shares in the last quarter. Lombard Odier Asset Management Europe Ltd increased its position in shares of Coca-Cola Europacific Partners by 103.4% during the second quarter. Lombard Odier Asset Management Europe Ltd now owns 92,770 shares of the company's stock worth $6,760,000 after acquiring an additional 47,165 shares in the last quarter. Dynasty Wealth Management LLC bought a new stake in shares of Coca-Cola Europacific Partners during the first quarter worth about $579,000. Cetera Advisors LLC increased its position in shares of Coca-Cola Europacific Partners by 234.1% during the first quarter. Cetera Advisors LLC now owns 10,325 shares of the company's stock worth $722,000 after acquiring an additional 7,235 shares in the last quarter. Finally, Diversified Trust Co bought a new stake in shares of Coca-Cola Europacific Partners during the third quarter worth about $2,513,000. Institutional investors and hedge funds own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Up 1.4 %

Shares of NASDAQ CCEP traded up $1.05 during mid-day trading on Thursday, reaching $77.53. 666,589 shares of the company were exchanged, compared to its average volume of 1,392,385. The company's 50 day moving average price is $78.70 and its 200 day moving average price is $75.58. Coca-Cola Europacific Partners PLC has a 52 week low of $59.31 and a 52 week 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.

Analyst Ratings Changes

CCEP has been the topic of several analyst reports. Bank of America boosted their price target on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a "buy" rating in a report on Wednesday, July 10th. Citigroup upgraded shares of Coca-Cola Europacific Partners to a "strong-buy" rating in a report on Thursday, October 3rd. Evercore ISI lifted their target price on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an "outperform" rating in a research note on Wednesday. BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an "outperform" rating to a "neutral" rating and set a $81.00 price target on the stock. in a report on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a "buy" rating in a report on Monday, September 9th. Two investment analysts have rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Coca-Cola Europacific Partners has a consensus rating of "Moderate Buy" and an average price target of $81.22.

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.