Allspring Global Investments Holdings LLC Sells 116,880 Shares of Coca-Cola Europacific Partners $CCEP

Key Points

• Allspring Global Investments cut its stake in Coca‑Cola Europacific Partners by 82.1%, selling 116,880 shares and finishing the quarter with 25,427 shares valued at $2.243 million.
• Other institutions either increased or initiated positions (AQR, Geneos, Lido, EverSource, Marshall Wace), and institutional investors now own 31.35% of the company.
• Analysts hold a consensus Moderate Buy (7 Buys, 3 Holds) with an average price target of $107.71; CCEP trades around $97.42 with a 1‑year range of $81.00–$110.90.

Allspring Global Investments Holdings LLC lowered its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 82.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 25,427 shares of the company's stock after selling 116,880 shares during the quarter. Allspring Global Investments Holdings LLC's holdings in Coca-Cola Europacific Partners were worth $2,243,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of CCEP. AQR Capital Management LLC increased its stake in shares of Coca-Cola Europacific Partners by 10.5% in the 1st quarter. AQR Capital Management LLC now owns 7,131 shares of the company's stock valued at $621,000 after acquiring an additional 677 shares in the last quarter. Geneos Wealth Management Inc. increased its stake in shares of Coca-Cola Europacific Partners by 23.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 808 shares of the company's stock valued at $70,000 after acquiring an additional 156 shares in the last quarter. Lido Advisors LLC acquired a new stake in Coca-Cola Europacific Partners in the 2nd quarter valued at $231,000. EverSource Wealth Advisors LLC grew its position in Coca-Cola Europacific Partners by 25.1% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,284 shares of the company's stock valued at $305,000 after purchasing an additional 659 shares during the period. Finally, Marshall Wace LLP acquired a new stake in Coca-Cola Europacific Partners in the 2nd quarter valued at $653,000. Institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Price Performance

CCEP opened at $97.42 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23. The firm's fifty day moving average price is $98.43 and its two-hundred day moving average price is $92.94. Coca-Cola Europacific Partners has a 1 year low of $81.00 and a 1 year high of $110.90.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on CCEP shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $114.00 price target on shares of Coca-Cola Europacific Partners in a research report on Thursday, January 8th. UBS Group lifted their price target on shares of Coca-Cola Europacific Partners from $103.00 to $118.00 and gave the company a "buy" rating in a research report on Wednesday, February 18th. JPMorgan Chase & Co. lifted their price target on shares of Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a "neutral" rating in a research report on Wednesday, February 18th. Bank of America reissued a "neutral" rating and issued a $96.00 price target (down from $102.00) on shares of Coca-Cola Europacific Partners in a research report on Wednesday, January 14th. Finally, Evercore reissued an "outperform" rating and issued a $112.00 price target on shares of Coca-Cola Europacific Partners in a research report on Wednesday, February 18th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $107.71.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.

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