Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Stock Position Decreased by Twin Tree Management LP

Twin Tree Management LP cut its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 62.4% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 32,087 shares of the company’s stock after selling 53,204 shares during the period. Twin Tree Management LP’s holdings in Coca-Cola Europacific Partners were worth $2,465,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Coca-Cola Europacific Partners by 307.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock valued at $191,984,000 after acquiring an additional 1,839,321 shares in the last quarter. Janus Henderson Group PLC bought a new position in shares of Coca-Cola Europacific Partners in the 3rd quarter valued at approximately $52,364,000. SG Americas Securities LLC raised its stake in shares of 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 valued at $33,268,000 after acquiring an additional 236,917 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at approximately $14,999,000. Finally, Generate Investment Management Ltd bought a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at approximately $14,195,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

CCEP has been the topic of a number of recent analyst reports. Evercore ISI raised their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Barclays lifted their price target on Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, March 6th. JPMorgan Chase & Co. downgraded 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 report on Wednesday, November 27th. Finally, Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $86.67.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP opened at $85.59 on Wednesday. Coca-Cola Europacific Partners PLC has a 1-year low of $65.94 and a 1-year high of $88.39. The firm has a market capitalization of $39.45 billion, a PE ratio of 17.61, a PEG ratio of 4.89 and a beta of 0.91. The business’s 50 day moving average is $81.19 and its 200-day moving average is $79.07. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

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.