Corebridge Financial Inc. Reduces Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Corebridge Financial Inc. lowered its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 90,358 shares of the company’s stock after selling 1,082 shares during the quarter. Corebridge Financial Inc.’s holdings in Coca-Cola Europacific Partners were worth $6,940,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. LPL Financial LLC raised its position in Coca-Cola Europacific Partners by 28.1% in the 4th quarter. LPL Financial LLC now owns 117,700 shares of the company’s stock valued at $9,041,000 after purchasing an additional 25,840 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at about $12,005,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in shares of Coca-Cola Europacific Partners by 0.9% during the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,768 shares of the company’s stock worth $4,437,000 after buying an additional 528 shares during the period. Royal London Asset Management Ltd. grew its holdings in shares of Coca-Cola Europacific Partners by 8.2% during the fourth quarter. Royal London Asset Management Ltd. now owns 207,797 shares of the company’s stock worth $15,961,000 after buying an additional 15,709 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd increased its position in Coca-Cola Europacific Partners by 28.0% in the 4th quarter. Harvest Fund Management Co. Ltd now owns 27,144 shares of the company’s stock valued at $2,085,000 after acquiring an additional 5,942 shares during the period. 31.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the company. UBS Group increased their price objective on 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 Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Barclays lifted their price objective on shares of Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an “overweight” rating in a research report on Thursday. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Finally, Evercore ISI raised their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $87.00.

Coca-Cola Europacific Partners Stock Up 0.0 %

Shares of NASDAQ CCEP opened at $86.30 on Friday. The stock has a market capitalization of $39.78 billion, a price-to-earnings ratio of 17.76, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a 52 week low of $65.94 and a 52 week high of $88.39. The firm has a 50-day moving average price of $82.76 and a 200 day moving average price of $79.33. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

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.