Fiduciary Management Inc. WI Cuts Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Fiduciary Management Inc. WI decreased its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 5.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,050,681 shares of the company's stock after selling 110,125 shares during the quarter. Coca-Cola Europacific Partners accounts for approximately 1.5% of Fiduciary Management Inc. WI's portfolio, making the stock its 26th largest holding. Fiduciary Management Inc. WI owned 0.44% of Coca-Cola Europacific Partners worth $157,513,000 at the end of the most recent reporting period.

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

Coca-Cola Europacific Partners Trading Down 0.8 %

CCEP stock traded down $0.69 during midday trading on Thursday, hitting $88.16. 739,000 shares of the company's stock were exchanged, compared to its average volume of 1,706,116. Coca-Cola Europacific Partners PLC has a 1-year low of $68.45 and a 1-year high of $91.29. The business has a 50-day simple moving average of $85.79 and a two-hundred day simple moving average of $80.31. The stock has a market capitalization of $40.63 billion, a PE ratio of 18.14, a P/E/G ratio of 4.89 and a beta of 0.73. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

Analysts Set New Price Targets

A number of analysts have recently issued reports on CCEP shares. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. Evercore ISI increased their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research report on Tuesday, February 18th. Finally, Barclays increased their price objective on shares of Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the company an "overweight" rating in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target 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.