Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 24.8% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 299,877 shares of the company’s stock after selling 98,882 shares during the quarter. Natixis Advisors LLC owned about 0.07% of Coca-Cola Europacific Partners worth $23,034,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Coca-Cola Europacific Partners by 307.3% in 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 worth $191,984,000 after acquiring an additional 1,839,321 shares in the last quarter. Janus Henderson Group PLC acquired a new stake in Coca-Cola Europacific Partners in the 3rd quarter worth approximately $52,364,000. SG Americas Securities LLC boosted its stake in Coca-Cola Europacific Partners by 120.8% in the 4th quarter. SG Americas Securities LLC now owns 433,121 shares of the company’s stock worth $33,268,000 after purchasing an additional 236,917 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter worth approximately $14,999,000. Finally, Generate Investment Management Ltd acquired a new position in Coca-Cola Europacific Partners during the 4th quarter valued at approximately $14,195,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Up 1.6 %

Shares of Coca-Cola Europacific Partners stock opened at $84.74 on Tuesday. Coca-Cola Europacific Partners PLC has a fifty-two week low of $65.94 and a fifty-two week high of $88.39. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The company has a market cap of $39.06 billion, a P/E ratio of 17.44, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. The firm has a 50-day simple moving average of $80.99 and a two-hundred day simple moving average of $79.03.

Analyst Upgrades and Downgrades

CCEP has been the topic of a number of research analyst reports. Evercore ISI boosted their price objective 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, February 18th. Barclays boosted their price target on Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, March 6th. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Sanford C. Bernstein initiated coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 target price on the stock. Finally, Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus 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.