Yousif Capital Management LLC Sells 4,215 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Yousif Capital Management LLC lessened its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 47.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 4,751 shares of the company's stock after selling 4,215 shares during the period. Yousif Capital Management LLC's holdings in Coca-Cola Europacific Partners were worth $365,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Coca-Cola Europacific Partners by 1.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company's stock valued at $217,191,000 after purchasing an additional 32,776 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Coca-Cola Europacific Partners by 307.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company's stock valued at $191,984,000 after purchasing 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 third quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company's stock valued at $160,138,000 after purchasing an additional 58,247 shares during the last quarter. Janus Henderson Group PLC purchased a new position in shares of Coca-Cola Europacific Partners during the third quarter valued at approximately $52,364,000. Finally, Citigroup Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 9.8% during the third quarter. Citigroup Inc. now owns 630,779 shares of the company's stock valued at $49,674,000 after purchasing an additional 56,551 shares during the last quarter. Institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Up 0.9 %

Shares of NASDAQ CCEP traded up $0.74 during midday trading on Friday, reaching $87.29. The stock had a trading volume of 1,774,425 shares, compared to its average volume of 1,646,748. The stock has a 50-day moving average of $78.29 and a 200-day moving average of $78.10. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. Coca-Cola Europacific Partners PLC has a 12-month low of $65.94 and a 12-month high of $87.59.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on CCEP. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a report on Monday, December 9th. Barclays reduced their target price on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an "overweight" rating for the company in a report on Friday, January 17th. Sanford C. Bernstein assumed coverage on shares of Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a "market perform" rating and a $82.00 target price for the company. UBS Group upped their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, Evercore ISI upped their target price 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. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola Europacific Partners has an average rating of "Moderate Buy" and an average price target of $85.00.

Coca-Cola Europacific Partners 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.