Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG decreased its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 28.6% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 174,159 shares of the company's stock after selling 69,687 shares during the period. Robeco Schweiz AG's holdings in Coca-Cola Europacific Partners were worth $13,377,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Coca-Cola Europacific Partners by 307.3% during the 3rd 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 acquiring an additional 1,839,321 shares during the period. Janus Henderson Group PLC purchased a new stake in shares of Coca-Cola Europacific Partners during the third quarter worth approximately $52,364,000. SG Americas Securities LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 120.8% during the fourth quarter. SG Americas Securities LLC now owns 433,121 shares of the company's stock worth $33,268,000 after purchasing an additional 236,917 shares during the period. Generate Investment Management Ltd purchased a new position in Coca-Cola Europacific Partners in the 4th quarter valued at $14,195,000. Finally, Verde Servicos Internacionais S.A. acquired a new position in Coca-Cola Europacific Partners in the 4th quarter valued at $14,124,000. Hedge funds and other institutional investors own 31.35% of the company's stock.

Analyst Ratings Changes

CCEP has been the subject of several recent analyst reports. Barclays reduced their target price on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Evercore ISI lifted their price objective 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. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. UBS Group raised their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, Sanford C. Bernstein began coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a "market perform" rating and a $82.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $85.00.

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Coca-Cola Europacific Partners Trading Up 0.2 %

Shares of CCEP traded up $0.14 on Friday, hitting $86.26. 2,235,891 shares of the stock traded hands, compared to its average volume of 1,722,823. The firm has a market capitalization of $39.76 billion, a P/E ratio of 17.75, a P/E/G ratio of 4.89 and a beta of 0.91. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a 1 year low of $65.94 and a 1 year high of $88.39. The stock's 50 day moving average is $79.35 and its two-hundred day moving average is $78.59.

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.