Louisiana State Employees Retirement System Sells 1,400 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Louisiana State Employees Retirement System cut its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 4.0% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 33,600 shares of the company’s stock after selling 1,400 shares during the period. Louisiana State Employees Retirement System’s holdings in Coca-Cola Europacific Partners were worth $2,581,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the business. Massachusetts Financial Services Co. MA increased its stake in shares of Coca-Cola Europacific Partners by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company’s stock worth $217,191,000 after purchasing an additional 32,776 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Coca-Cola Europacific Partners by 307.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock worth $191,984,000 after purchasing an additional 1,839,321 shares during the period. Geode Capital Management LLC increased its stake 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 worth $160,138,000 after purchasing an additional 58,247 shares during the period. Janus Henderson Group PLC bought a new position in Coca-Cola Europacific Partners during the third quarter valued at about $52,364,000. Finally, Citigroup Inc. increased its stake in Coca-Cola Europacific Partners by 9.8% during the third quarter. Citigroup Inc. now owns 630,779 shares of the company’s stock valued at $49,674,000 after acquiring an additional 56,551 shares during the period. 31.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on CCEP shares. Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target on the stock. Barclays lowered their price target on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Evercore ISI boosted their price target on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. lowered Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. Four analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $84.11.

Coca-Cola Europacific Partners Stock Up 1.6 %

NASDAQ CCEP opened at $82.71 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners PLC has a 1-year low of $65.83 and a 1-year high of $82.95. The stock’s 50 day moving average is $77.31 and its two-hundred day moving average is $77.55.

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.