Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Position Trimmed by Silchester International Investors LLP

Silchester International Investors LLP trimmed its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 8.2% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 75,691 shares of the company’s stock after selling 6,732 shares during the quarter. Coca-Cola Europacific Partners accounts for 0.8% of Silchester International Investors LLP’s portfolio, making the stock its 3rd largest position. Silchester International Investors LLP’s holdings in Coca-Cola Europacific Partners were worth $5,961,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Hennion & Walsh Asset Management Inc. increased its stake in shares of Coca-Cola Europacific Partners by 21.4% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,206 shares of the company’s stock worth $854,000 after purchasing an additional 2,150 shares during the last quarter. Skyline Advisors Inc. bought a new stake in shares of Coca-Cola Europacific Partners in the first quarter valued at approximately $205,000. BKM Wealth Management LLC grew its stake in shares of Coca-Cola Europacific Partners by 31.7% in the first quarter. BKM Wealth Management LLC now owns 7,152 shares of the company’s stock worth $500,000 after acquiring an additional 1,720 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its stake in Coca-Cola Europacific Partners by 55.1% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 81,366 shares of the company’s stock valued at $5,756,000 after purchasing an additional 28,908 shares during the last quarter. Finally, Norden Group LLC bought a new stake in Coca-Cola Europacific Partners in the 1st quarter valued at $483,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CCEP. Barclays decreased their target price on 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. Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. 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 report on Monday, September 9th. BNP Paribas cut Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price on the stock. in a report on Tuesday, September 10th. Finally, Bank of America increased their price target on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Two analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $80.88.

Coca-Cola Europacific Partners Stock Performance

CCEP traded up $0.08 during trading on Friday, hitting $77.98. The stock had a trading volume of 1,022,872 shares, compared to its average volume of 1,404,587. Coca-Cola Europacific Partners PLC has a one year low of $57.48 and a one year high of $82.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. The firm has a market cap of $35.62 billion, a price-to-earnings ratio of 16.63, a P/E/G ratio of 3.54 and a beta of 0.90. The company has a 50 day moving average price of $79.00 and a 200-day moving average price of $74.94.

Coca-Cola Europacific Partners Company 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.