Wells Fargo & Company MN Has $50.81 Million Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Wells Fargo & Company MN cut its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 32.5% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 661,431 shares of the company's stock after selling 318,746 shares during the period. Wells Fargo & Company MN owned 0.14% of Coca-Cola Europacific Partners worth $50,805,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of CCEP. LPL Financial LLC grew its holdings in Coca-Cola Europacific Partners by 28.1% during the fourth quarter. LPL Financial LLC now owns 117,700 shares of the company's stock worth $9,041,000 after purchasing an additional 25,840 shares during the period. JPMorgan Chase & Co. lifted its position in shares of Coca-Cola Europacific Partners by 43.3% in the fourth quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company's stock valued at $221,835,000 after buying an additional 872,060 shares during the last quarter. New Age Alpha Advisors LLC bought a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth approximately $446,000. World Investment Advisors LLC acquired a new position in shares of Coca-Cola Europacific Partners during the 3rd quarter worth approximately $6,975,000. Finally, Amundi raised its stake in Coca-Cola Europacific Partners by 2.9% in the 4th quarter. Amundi now owns 3,078,851 shares of the company's stock valued at $233,716,000 after acquiring an additional 87,675 shares during the period. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP stock traded up $0.60 during trading on Tuesday, hitting $88.56. The company had a trading volume of 510,868 shares, compared to its average volume of 1,684,272. The stock's 50-day moving average price is $84.76 and its 200 day moving average price is $79.79. Coca-Cola Europacific Partners PLC has a one year low of $65.94 and a one year high of $91.29. 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 $40.82 billion, a P/E ratio of 18.22, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73.

Wall Street Analyst Weigh In

CCEP has been the topic of several research reports. Evercore ISI upped 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 report on Tuesday, February 18th. Barclays upped their price target on shares of Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the company an "overweight" rating in a research note on Friday. Finally, Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has given 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 target price of $87.13.

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.