Thrivent Financial for Lutherans Has $200,000 Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Thrivent Financial for Lutherans lessened its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 98.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,608 shares of the company's stock after selling 135,164 shares during the period. Thrivent Financial for Lutherans' holdings in Coca-Cola Europacific Partners were worth $200,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of CCEP. Signaturefd LLC raised its stake in Coca-Cola Europacific Partners by 6.2% in the fourth quarter. Signaturefd LLC now owns 6,349 shares of the company's stock valued at $488,000 after buying an additional 372 shares during the period. Cibc World Markets Corp boosted its position in Coca-Cola Europacific Partners by 1.4% during the fourth quarter. Cibc World Markets Corp now owns 10,200 shares of the company's stock worth $783,000 after purchasing an additional 139 shares during the period. Corient Private Wealth LLC increased its holdings in shares of Coca-Cola Europacific Partners by 37.8% in the fourth quarter. Corient Private Wealth LLC now owns 4,413 shares of the company's stock valued at $339,000 after purchasing an additional 1,211 shares during the last quarter. Envestnet Portfolio Solutions Inc. raised its position in shares of Coca-Cola Europacific Partners by 1.6% in the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,936 shares of the company's stock valued at $840,000 after purchasing an additional 174 shares during the period. Finally, Catalyst Funds Management Pty Ltd acquired a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter worth about $12,075,000. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Price Performance

Shares of Coca-Cola Europacific Partners stock traded up $3.25 during midday trading on Wednesday, hitting $85.09. 6,596,843 shares of the company traded hands, compared to its average volume of 1,674,296. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The stock has a market cap of $39.22 billion, a price-to-earnings ratio of 17.51, a PEG ratio of 4.89 and a beta of 0.73. Coca-Cola Europacific Partners PLC has a 12 month low of $65.94 and a 12 month high of $91.29. The firm's fifty day moving average price is $84.27 and its 200-day moving average price is $79.64.

Analysts Set New Price Targets

Several research firms have weighed in on CCEP. Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Barclays increased their target price on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an "overweight" rating in a research note on Thursday, March 27th. UBS Group boosted their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. Finally, Evercore ISI increased their price objective on 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. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $87.00.

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.