Achmea Investment Management B.V. Sells 17,974 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Achmea Investment Management B.V. decreased its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 28.4% in the fourth quarter, Holdings Channel reports. The firm owned 45,422 shares of the company’s stock after selling 17,974 shares during the quarter. Achmea Investment Management B.V.’s holdings in Coca-Cola Europacific Partners were worth $3,489,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth $27,000. MassMutual Private Wealth & Trust FSB boosted its stake in shares of Coca-Cola Europacific Partners by 85.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after buying an additional 197 shares during the last quarter. Plato Investment Management Ltd purchased a new position in shares of Coca-Cola Europacific Partners in the 3rd quarter worth $50,000. Whipplewood Advisors LLC purchased a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth $52,000. Finally, Brown Brothers Harriman & Co. boosted its stake in shares of Coca-Cola Europacific Partners by 1,604.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock worth $67,000 after buying an additional 802 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Up 1.4 %

Shares of CCEP stock opened at $83.40 on Friday. Coca-Cola Europacific Partners PLC has a 12-month low of $65.94 and a 12-month high of $88.39. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The stock’s 50-day moving average price is $80.81 and its 200-day moving average price is $79.01. The stock has a market capitalization of $38.44 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91.

Analyst Ratings Changes

CCEP has been the topic of a number of research reports. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Barclays raised their price target on Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, March 6th. JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their price target for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Finally, UBS Group lifted their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. One analyst has rated the stock with a sell rating, four have issued 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, the stock currently has an average rating of “Moderate Buy” and an average price target of $86.67.

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.