Private Management Group Inc. Has $17.28 Million Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Private Management Group Inc. cut its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 7.8% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 219,442 shares of the company’s stock after selling 18,610 shares during the period. Private Management Group Inc.’s holdings in Coca-Cola Europacific Partners were worth $17,281,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in CCEP. Point72 Asset Management L.P. lifted its position in Coca-Cola Europacific Partners by 144.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company’s stock valued at $87,788,000 after acquiring an additional 711,121 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Coca-Cola Europacific Partners during the 1st quarter worth approximately $47,839,000. Point72 Europe London LLP bought a new position in shares of Coca-Cola Europacific Partners during the 2nd quarter worth approximately $26,341,000. Samlyn Capital LLC lifted its position in shares of Coca-Cola Europacific Partners by 23.2% during the 2nd quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock worth $135,155,000 after buying an additional 349,466 shares in the last quarter. Finally, Vontobel Holding Ltd. lifted its position in shares of Coca-Cola Europacific Partners by 2,575.0% during the 3rd quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company’s stock worth $20,244,000 after buying an additional 246,458 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. BNP Paribas cut shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price on the stock. in a research report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Barclays dropped their target price on shares of Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Bank of America lifted their price target on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Finally, Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and an average target price of $80.88.

Coca-Cola Europacific Partners Stock Down 0.5 %

Coca-Cola Europacific Partners stock traded down $0.40 during mid-day trading on Friday, hitting $75.60. The company’s stock had a trading volume of 989,542 shares, compared to its average volume of 1,396,220. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. The business has a 50 day moving average price of $78.88 and a 200-day moving average price of $75.31. Coca-Cola Europacific Partners PLC has a 12 month low of $58.94 and a 12 month high of $82.32.

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.