Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Boston Partners

Boston Partners cut its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 4.5% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 7,068,692 shares of the company’s stock after selling 332,882 shares during the period. Boston Partners’ holdings in Coca-Cola Europacific Partners were worth $542,983,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the stock. Cibc World Markets Corp raised its position in Coca-Cola Europacific Partners by 1.4% during the fourth quarter. Cibc World Markets Corp now owns 10,200 shares of the company’s stock worth $783,000 after acquiring an additional 139 shares during the period. Moody Lynn & Lieberson LLC raised its position in Coca-Cola Europacific Partners by 5.0% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company’s stock worth $242,000 after acquiring an additional 150 shares during the period. Blue Trust Inc. raised its position in Coca-Cola Europacific Partners by 16.2% during the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock worth $94,000 after acquiring an additional 166 shares during the period. Vestmark Advisory Solutions Inc. raised its position in Coca-Cola Europacific Partners by 4.7% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 3,855 shares of the company’s stock worth $296,000 after acquiring an additional 172 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its position in Coca-Cola Europacific Partners by 1.6% during the fourth quarter. Envestnet Portfolio Solutions Inc. now owns 10,936 shares of the company’s stock worth $840,000 after acquiring an additional 174 shares during the period. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Trading Up 1.6 %

Shares of CCEP opened at $84.74 on Tuesday. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a 12-month low of $65.94 and a 12-month high of $88.39. The firm has a 50-day moving average price of $80.99 and a 200 day moving average price of $79.03. The firm has a market capitalization of $39.06 billion, a P/E ratio of 17.44, a P/E/G ratio of 4.89 and a beta of 0.91.

Wall Street Analyst Weigh In

CCEP has been the subject of a number of research analyst reports. UBS Group upped their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Barclays increased their target price on shares of Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, March 6th. Sanford C. Bernstein started coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 target price for the company. Finally, Evercore ISI increased their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. One investment 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.67.

Coca-Cola Europacific Partners 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.