Vanguard Group Inc. Cuts Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Vanguard Group Inc. lowered its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,756,604 shares of the company's stock after selling 184,066 shares during the period. Vanguard Group Inc. owned approximately 0.38% of Coca-Cola Europacific Partners worth $134,925,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CCEP. SBI Securities Co. Ltd. purchased a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Coca-Cola Europacific Partners by 85.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock worth $33,000 after purchasing an additional 197 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in Coca-Cola Europacific Partners in the 4th quarter valued at approximately $52,000. Blue Trust Inc. grew its holdings in Coca-Cola Europacific Partners by 16.2% during the 4th quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock valued at $94,000 after buying an additional 166 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its position in Coca-Cola Europacific Partners by 135.4% during the fourth quarter. Jones Financial Companies Lllp now owns 1,749 shares of the company's stock worth $134,000 after buying an additional 1,006 shares in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on CCEP. Barclays increased their price objective on Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the company an "overweight" rating in a research note on Friday. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. Finally, Evercore ISI boosted their price objective on shares of 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 research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $87.13.

Coca-Cola Europacific Partners Trading Up 1.9 %

Coca-Cola Europacific Partners stock traded up $1.61 during trading on Friday, reaching $86.60. The company had a trading volume of 2,756,288 shares, compared to its average volume of 1,687,449. 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 firm has a market capitalization of $39.92 billion, a price-to-earnings ratio of 17.82, 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 stock's 50 day moving average price is $84.58 and its two-hundred day moving average price is $79.73.

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.