Teacher Retirement System of Texas decreased its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 10.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 460,314 shares of the company's stock after selling 55,170 shares during the period. Teacher Retirement System of Texas owned approximately 0.10% of Coca-Cola Europacific Partners worth $35,357,000 at the end of the most recent quarter.
Other hedge funds also recently bought and sold shares of the company. Amundi grew its position in shares of Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Amundi now owns 3,078,851 shares of the company's stock valued at $233,716,000 after purchasing an additional 87,675 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings 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 valued at $217,191,000 after buying an additional 32,776 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Coca-Cola Europacific Partners by 307.3% in 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 last quarter. Geode Capital Management LLC raised its holdings in shares of Coca-Cola Europacific Partners by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company's stock worth $160,138,000 after acquiring an additional 58,247 shares during the period. Finally, Janus Henderson Group PLC acquired a new position in shares of Coca-Cola Europacific Partners during the 3rd quarter valued at about $52,364,000. Institutional investors and hedge funds own 31.35% of the company's stock.
Analyst Ratings Changes
Several research firms recently issued reports on CCEP. Barclays raised their price objective on shares of Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the stock an "overweight" rating in a research report on Thursday, March 6th. UBS Group raised their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Kepler Capital Markets cut Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Morgan Stanley upgraded Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research report on Monday, December 9th. Finally, Evercore ISI lifted their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $86.88.
Check Out Our Latest Stock Analysis on Coca-Cola Europacific Partners
Coca-Cola Europacific Partners Trading Up 0.4 %
CCEP traded up $0.35 during mid-day trading on Tuesday, hitting $84.14. 5,198,685 shares of the stock were exchanged, compared to its average volume of 1,466,398. The firm's fifty day moving average is $82.00 and its two-hundred day moving average is $79.18. Coca-Cola Europacific Partners PLC has a 1-year low of $65.94 and a 1-year high of $88.39. The company has a market cap of $38.78 billion, a PE ratio of 17.31, 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.
About Coca-Cola Europacific Partners
(
Free Report)
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.
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