Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Sanctuary Advisors LLC

Sanctuary Advisors LLC reduced its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 35.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,936 shares of the company's stock after selling 11,254 shares during the period. Sanctuary Advisors LLC's holdings in Coca-Cola Europacific Partners were worth $1,661,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. lifted its stake in Coca-Cola Europacific Partners by 2.3% in the 4th quarter. Principal Financial Group Inc. now owns 16,910 shares of the company's stock valued at $1,299,000 after buying an additional 375 shares in the last quarter. Principal Securities Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 12.6% in the fourth quarter. Principal Securities Inc. now owns 8,878 shares of the company's stock worth $682,000 after acquiring an additional 994 shares during the last quarter. V Square Quantitative Management LLC lifted its position in shares of Coca-Cola Europacific Partners by 29.7% in the fourth quarter. V Square Quantitative Management LLC now owns 9,130 shares of the company's stock valued at $704,000 after acquiring an additional 2,092 shares in the last quarter. Vontobel Holding Ltd. boosted its stake in shares of Coca-Cola Europacific Partners by 28.7% during the fourth quarter. Vontobel Holding Ltd. now owns 329,422 shares of the company's stock valued at $24,651,000 after acquiring an additional 73,393 shares during the last quarter. Finally, Compound Global Advisors LLC purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter worth about $307,000. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

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Coca-Cola Europacific Partners Trading Up 0.2 %

NASDAQ:CCEP traded up $0.14 on Friday, hitting $86.26. 2,235,891 shares of the stock were exchanged, compared to its average volume of 1,720,210. The stock has a fifty day moving average of $79.12 and a 200-day moving average of $78.47. The stock has a market cap of $39.76 billion, a PE ratio of 17.75, a PEG ratio of 4.89 and a beta of 0.91. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a fifty-two week low of $65.94 and a fifty-two week high of $88.39.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on CCEP. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a report on Monday, December 9th. Evercore ISI raised their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday. UBS Group increased their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Finally, Sanford C. Bernstein began coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a "market perform" rating and a $82.00 price objective for the company. 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 given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $85.00.

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.