Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Premier Fund Managers Ltd

Premier Fund Managers Ltd lessened its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 9.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 257,459 shares of the company’s stock after selling 27,606 shares during the quarter. Premier Fund Managers Ltd’s holdings in Coca-Cola Europacific Partners were worth $19,630,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of CCEP. PNC Financial Services Group Inc. grew its position in shares of Coca-Cola Europacific Partners by 6.0% in the third quarter. PNC Financial Services Group Inc. now owns 14,394 shares of the company’s stock valued at $1,134,000 after purchasing an additional 815 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Coca-Cola Europacific Partners in the 3rd quarter worth $482,000. Cerity Partners LLC raised its holdings in shares of Coca-Cola Europacific Partners by 33.7% during the 3rd quarter. Cerity Partners LLC now owns 18,822 shares of the company’s stock worth $1,482,000 after acquiring an additional 4,743 shares during the period. Penserra Capital Management LLC boosted its position in shares of Coca-Cola Europacific Partners by 28,069.4% during the 3rd quarter. Penserra Capital Management LLC now owns 10,141 shares of the company’s stock valued at $798,000 after acquiring an additional 10,105 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its holdings in shares of Coca-Cola Europacific Partners by 11.0% in the third quarter. Daiwa Securities Group Inc. now owns 45,557 shares of the company’s stock valued at $3,588,000 after purchasing an additional 4,516 shares during the period. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on CCEP. Barclays boosted their target price on shares of Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Sanford C. Bernstein began coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target for the company. Finally, UBS Group upped their target price on shares of 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 research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $87.00.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP opened at $86.26 on Friday. The company has a market cap of $39.76 billion, a P/E ratio of 17.75, a PEG ratio of 4.89 and a beta of 0.91. 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 quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm’s 50 day moving average price is $82.58 and its 200 day moving average price is $79.30.

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.