Epoch Investment Partners Inc. Has $103.44 Million Stake in Coca-Cola Europacific Partners PLC (NYSE:CCEP)

Epoch Investment Partners Inc. decreased its holdings in Coca-Cola Europacific Partners PLC (NYSE:CCEP) by 11.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,743,685 shares of the company’s stock after selling 219,762 shares during the period. Epoch Investment Partners Inc.’s holdings in Coca-Cola Europacific Partners were worth $103,435,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. First Trust Advisors LP bought a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter valued at approximately $1,073,000. Principal Financial Group Inc. grew its stake in shares of Coca-Cola Europacific Partners by 19.6% in the 1st quarter. Principal Financial Group Inc. now owns 32,494 shares of the company’s stock valued at $1,695,000 after buying an additional 5,335 shares in the last quarter. UBS Group AG grew its stake in shares of Coca-Cola Europacific Partners by 17.0% in the 1st quarter. UBS Group AG now owns 273,111 shares of the company’s stock valued at $14,245,000 after buying an additional 39,603 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS grew its stake in shares of Coca-Cola Europacific Partners by 0.7% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 59,020 shares of the company’s stock valued at $3,078,000 after buying an additional 400 shares in the last quarter. Finally, Prudential Financial Inc. grew its stake in shares of Coca-Cola Europacific Partners by 10.5% in the 1st quarter. Prudential Financial Inc. now owns 18,460 shares of the company’s stock valued at $963,000 after buying an additional 1,755 shares in the last quarter. Institutional investors own 26.66% of the company’s stock.

Shares of CCEP traded up $0.43 during mid-day trading on Thursday, hitting $54.68. The company’s stock had a trading volume of 5,128 shares, compared to its average volume of 970,983. Coca-Cola Europacific Partners PLC has a one year low of $34.02 and a one year high of $63.04. The company has a debt-to-equity ratio of 1.74, a quick ratio of 0.72 and a current ratio of 0.91. The firm has a market capitalization of $26.49 billion, a PE ratio of 26.33, a price-to-earnings-growth ratio of 0.89 and a beta of 0.79. The stock’s 50-day moving average is $57.95 and its two-hundred day moving average is $58.46.

CCEP has been the subject of several recent research reports. Credit Suisse Group reissued an “outperform” rating on shares of Coca-Cola Europacific Partners in a research note on Friday, September 3rd. Kepler Capital Markets reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, June 25th. HSBC decreased their target price on Coca-Cola Europacific Partners from $72.00 to $70.00 and set a “buy” rating for the company in a research report on Thursday, September 9th. Zacks Investment Research raised Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating and set a $63.00 target price for the company in a research report on Monday, October 4th. Finally, Barclays upped their target price on Coca-Cola Europacific Partners from $79.00 to $80.00 and gave the stock an “overweight” rating in a research report on Thursday, September 16th. One research analyst has rated the stock with a sell rating, six have given a hold rating and eleven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $65.62.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners Plc engages in the distribution and sale of non-alcoholic ready to drink beverages. It operates through the following geographical segments: Iberia, Germany, Great Britain, France, Belgium/Luxembourg, Netherlands, Norway, Sweden, and Iceland. The company was founded on August 4, 2015 and is headquartered in Uxbridge, the United Kingdom.

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

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