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:CCEPFree Report) 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.

View Our Latest Analysis on CCEP

About Coca-Cola Europacific Partners

(Free Report)

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.

See Also

Want to see what other hedge funds are holding CCEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Europacific Partners PLC (NASDAQ:CCEPFree Report).

Institutional Ownership by Quarter for Coca-Cola Europacific Partners (NASDAQ:CCEP)

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