Qtron Investments LLC Sells 5,814 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Qtron Investments LLC lessened its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 36.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 10,042 shares of the company's stock after selling 5,814 shares during the period. Qtron Investments LLC's holdings in Coca-Cola Europacific Partners were worth $771,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Invesco Ltd. lifted its position in shares of Coca-Cola Europacific Partners by 26.3% during the 4th quarter. Invesco Ltd. now owns 10,119,928 shares of the company's stock valued at $777,312,000 after acquiring an additional 2,105,019 shares during the last quarter. FMR LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 3.3% during the 4th quarter. FMR LLC now owns 7,234,642 shares of the company's stock valued at $555,693,000 after buying an additional 229,679 shares during the last quarter. Amundi grew its position in Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Amundi now owns 3,078,851 shares of the company's stock worth $233,716,000 after acquiring an additional 87,675 shares in the last quarter. JPMorgan Chase & Co. increased its position in Coca-Cola Europacific Partners by 43.3% during the fourth quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company's stock worth $221,835,000 after buying an additional 872,060 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Coca-Cola Europacific Partners during the 4th quarter valued at about $190,999,000. Institutional investors and hedge funds own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Up 1.6 %

Shares of CCEP stock traded up $1.41 on Friday, reaching $89.31. 1,472,082 shares of the stock were exchanged, compared to its average volume of 1,697,154. The stock has a market cap of $41.17 billion, a PE ratio of 18.38, a P/E/G ratio of 4.89 and a beta of 0.73. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. Coca-Cola Europacific Partners PLC has a one year low of $66.21 and a one year high of $91.29. The stock has a 50 day moving average price of $85.26 and a 200 day moving average price of $79.98.

Analyst Ratings Changes

A number of research firms recently issued reports on CCEP. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. Evercore ISI upped their target price 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. Finally, Barclays increased their price target on shares of Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the stock an "overweight" rating in a research report on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners has an average rating of "Moderate Buy" and an average target price of $87.13.

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.