Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. cut its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 68.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 64,668 shares of the company's stock after selling 142,332 shares during the quarter. Robeco Institutional Asset Management B.V.'s holdings in Coca-Cola Europacific Partners were worth $4,967,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA grew its stake in Coca-Cola Europacific Partners by 1.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company's stock worth $217,191,000 after acquiring an additional 32,776 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 307.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company's stock worth $191,984,000 after purchasing an additional 1,839,321 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Coca-Cola Europacific Partners by 2.9% in 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 during the period. Janus Henderson Group PLC purchased a new stake in shares of Coca-Cola Europacific Partners in the third quarter valued at $52,364,000. Finally, Citigroup Inc. increased its stake in Coca-Cola Europacific Partners by 9.8% in the third quarter. Citigroup Inc. now owns 630,779 shares of the company's stock valued at $49,674,000 after purchasing an additional 56,551 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ:CCEP traded up $0.99 during midday trading on Thursday, hitting $80.11. 1,468,350 shares of the company's stock traded hands, compared to its average volume of 1,545,013. Coca-Cola Europacific Partners PLC has a twelve month low of $65.77 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 firm's fifty day moving average price is $76.98 and its two-hundred day moving average price is $77.29.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Evercore ISI raised their price target on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. UBS Group raised their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research report on Monday, December 9th. Sanford C. Bernstein started 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 price target on the stock. Finally, JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and dropped their price objective for the stock from $85.00 to $82.00 in a report on Wednesday, November 27th. Four 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.com, Coca-Cola Europacific Partners currently has an average rating of "Moderate Buy" and an average price target of $84.11.

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.