Coca-Cola Europacific Partners $CCEP Shares Sold by Silchester International Investors LLP

Key Points

• Silchester International Investors LLP has reduced its stake in Coca-Cola Europacific Partners by 5.6%, now holding 71,476 shares valued at approximately $6.63 million.
• Despite some investors increasing their stakes, CCEP shares are currently trading at $90.02, with a 12-month price range between $73.40 and $100.67.
• Analysts have varied views on CCEP, with one downgrading the stock to "hold," while UBS raised its target price to $105.00, indicating a consensus rating of "Moderate Buy" with a target price of $92.40.

Silchester International Investors LLP reduced its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 5.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 71,476 shares of the company's stock after selling 4,215 shares during the quarter. Coca-Cola Europacific Partners accounts for 1.4% of Silchester International Investors LLP's investment portfolio, making the stock its 2nd biggest holding. Silchester International Investors LLP's holdings in Coca-Cola Europacific Partners were worth $6,627,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in CCEP. Private Trust Co. NA increased its stake in shares of Coca-Cola Europacific Partners by 6.0% in the first quarter. Private Trust Co. NA now owns 2,022 shares of the company's stock worth $176,000 after acquiring an additional 115 shares during the last quarter. BKM Wealth Management LLC increased its stake in shares of Coca-Cola Europacific Partners by 1.6% in the first quarter. BKM Wealth Management LLC now owns 7,834 shares of the company's stock worth $682,000 after acquiring an additional 124 shares during the last quarter. Assetmark Inc. increased its position in Coca-Cola Europacific Partners by 107.3% during the first quarter. Assetmark Inc. now owns 284 shares of the company's stock worth $25,000 after buying an additional 147 shares during the last quarter. RWA Wealth Partners LLC increased its position in Coca-Cola Europacific Partners by 0.3% during the first quarter. RWA Wealth Partners LLC now owns 53,905 shares of the company's stock worth $4,691,000 after buying an additional 149 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in Coca-Cola Europacific Partners by 2.5% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,177 shares of the company's stock worth $538,000 after buying an additional 150 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Down 0.4%

Shares of CCEP opened at $90.02 on Thursday. The stock has a market cap of $41.49 billion, a price-to-earnings ratio of 18.52, a P/E/G ratio of 2.55 and a beta of 0.76. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15. Coca-Cola Europacific Partners has a 12 month low of $73.40 and a 12 month high of $100.67. The company has a 50-day moving average price of $91.60 and a two-hundred day moving average price of $90.66.

Analysts Set New Price Targets

Several research firms have commented on CCEP. Wall Street Zen downgraded shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. Morgan Stanley downgraded shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research report on Thursday, August 7th. UBS Group increased their target price on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Finally, Barclays lowered their target price on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.40.

About Coca-Cola Europacific Partners

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.

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