Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Ninety One UK Ltd

Ninety One UK Ltd decreased its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 4.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,403,661 shares of the company’s stock after selling 69,119 shares during the quarter. Ninety One UK Ltd’s holdings in Coca-Cola Europacific Partners were worth $107,815,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. World Investment Advisors LLC purchased a new stake in shares of Coca-Cola Europacific Partners in the third quarter valued at about $6,975,000. Transform Wealth LLC raised its stake in Coca-Cola Europacific Partners by 7.7% during the 4th quarter. Transform Wealth LLC now owns 138,691 shares of the company’s stock valued at $10,653,000 after acquiring an additional 9,864 shares during the last quarter. Diversified Trust Co acquired a new stake in Coca-Cola Europacific Partners during the 3rd quarter worth approximately $2,513,000. Vontobel Holding Ltd. grew its stake in shares of Coca-Cola Europacific Partners by 2,575.0% in the 3rd quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company’s stock valued at $20,244,000 after purchasing an additional 246,458 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of Coca-Cola Europacific Partners by 2.9% in the third quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock valued at $160,138,000 after purchasing an additional 58,247 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CCEP shares. Sanford C. Bernstein initiated 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. Barclays reduced their target price on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. lowered shares of 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. UBS Group raised their price objective 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. Finally, Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.11.

Coca-Cola Europacific Partners Price Performance

Shares of Coca-Cola Europacific Partners stock opened at $77.87 on Wednesday. The company has a 50-day moving average of $76.95 and a two-hundred day moving average of $77.25. Coca-Cola Europacific Partners PLC has a 12-month low of $65.77 and a 12-month high of $82.32. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12.

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.