Lbp Am Sa Cuts Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Lbp Am Sa lowered its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 79.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 36,430 shares of the company’s stock after selling 141,191 shares during the quarter. Lbp Am Sa’s holdings in Coca-Cola Europacific Partners were worth $2,798,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of CCEP. SBI Securities Co. Ltd. acquired a new position in shares of Coca-Cola Europacific Partners during the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Coca-Cola Europacific Partners by 85.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after purchasing an additional 197 shares in the last quarter. Plato Investment Management Ltd acquired a new position in shares of Coca-Cola Europacific Partners during the third quarter worth $50,000. Whipplewood Advisors LLC acquired a new position in shares of Coca-Cola Europacific Partners during the fourth quarter worth $52,000. Finally, Brown Brothers Harriman & Co. grew its stake in shares of Coca-Cola Europacific Partners by 1,604.0% during the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock worth $67,000 after purchasing an additional 802 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

CCEP has been the subject of a number of analyst reports. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Sanford C. Bernstein started coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price objective for the company. Barclays upped their price objective on shares of Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, March 6th. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Finally, UBS Group upped 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 note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to 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 CCEP opened at $83.40 on Friday. Coca-Cola Europacific Partners PLC has a fifty-two week low of $65.94 and a fifty-two week high of $88.39. The company has a market capitalization of $38.44 billion, a price-to-earnings ratio of 17.16, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. The firm has a 50-day simple moving average of $80.81 and a 200-day simple moving average of $79.00. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81.

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.