Epoch Investment Partners Inc. Has $170.03 Million Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Epoch Investment Partners Inc. decreased its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,213,597 shares of the company's stock after selling 214,737 shares during the period. Epoch Investment Partners Inc. owned about 0.48% of Coca-Cola Europacific Partners worth $170,026,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of CCEP. Invesco Ltd. boosted its stake in Coca-Cola Europacific Partners by 26.3% in the fourth 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 period. FMR LLC lifted its stake in 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 buying an additional 229,679 shares during the last quarter. Amundi boosted its holdings 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 valued at $233,716,000 after acquiring an additional 87,675 shares during the period. JPMorgan Chase & Co. increased its holdings in shares of 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 worth $221,835,000 after acquiring an additional 872,060 shares during the period. Finally, Norges Bank acquired a new position in Coca-Cola Europacific Partners during the 4th quarter valued at about $190,999,000. 31.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Evercore ISI increased their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Barclays increased their target price on shares of Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Finally, 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. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $87.13.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ CCEP traded down $0.69 during mid-day trading on Thursday, reaching $88.16. The company had a trading volume of 739,000 shares, compared to its average volume of 1,706,116. The company has a 50-day moving average price of $85.79 and a two-hundred day moving average price of $80.31. The stock has a market cap 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. Coca-Cola Europacific Partners PLC has a 1-year low of $68.45 and a 1-year high of $91.29.

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.