Coca-Cola Europacific Partners $CCEP Shares Sold by WINTON GROUP Ltd

Key Points

• WINTON GROUP Ltd cut its Coca-Cola Europacific Partners stake by 72.9% in the second quarter, selling 22,361 shares and retaining 8,300 shares valued at approximately $831,000.
• Institutional ownership remains significant at 31.35%, with several other investment firms modestly increasing their CCEP holdings.
• Analysts maintain a generally positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $108.44; CCEP shares opened at $104.67.

WINTON GROUP Ltd reduced its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 72.9% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 8,300 shares of the company's stock after selling 22,361 shares during the quarter. WINTON GROUP Ltd's holdings in Coca-Cola Europacific Partners were worth $831,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of CCEP. Fulton Bank N.A. raised its stake in Coca-Cola Europacific Partners by 3.2% during the first quarter. Fulton Bank N.A. now owns 3,699 shares of the company's stock worth $335,000 after acquiring an additional 113 shares during the period. Parallel Advisors LLC lifted its holdings in Coca-Cola Europacific Partners by 3.7% in the first quarter. Parallel Advisors LLC now owns 3,341 shares of the company's stock worth $303,000 after acquiring an additional 119 shares during the last quarter. Blue Trust Inc. boosted its stake in Coca-Cola Europacific Partners by 14.7% in the first quarter. Blue Trust Inc. now owns 1,217 shares of the company's stock valued at $110,000 after acquiring an additional 156 shares during the period. CENTRAL TRUST Co grew its holdings in shares of Coca-Cola Europacific Partners by 6.1% during the first quarter. CENTRAL TRUST Co now owns 2,867 shares of the company's stock valued at $260,000 after purchasing an additional 164 shares during the last quarter. Finally, Aaron Wealth Advisors LLC grew its holdings in shares of Coca-Cola Europacific Partners by 6.6% during the first quarter. Aaron Wealth Advisors LLC now owns 2,907 shares of the company's stock valued at $264,000 after purchasing an additional 179 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings downgraded Coca-Cola Europacific Partners from a "buy (b+)" rating to a "buy (b)" rating in a report on Thursday. Sanford C. Bernstein restated a "market perform" rating and set a $106.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Wednesday, August 5th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, July 2nd. JPMorgan Chase & Co. reiterated an "underweight" rating and issued a $92.00 target price on shares of Coca-Cola Europacific Partners in a research note on Friday, September 4th. Finally, Barclays boosted their price target on shares of Coca-Cola Europacific Partners from $114.00 to $119.00 and gave the company an "overweight" rating in a report on Thursday, August 6th. Seven research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Coca-Cola Europacific Partners currently has an average rating of "Moderate Buy" and a consensus price target of $108.44.

Coca-Cola Europacific Partners Stock Up 1.8%

Shares of CCEP opened at $104.67 on Tuesday. Coca-Cola Europacific Partners has a one year low of $84.65 and a one year high of $113.67. The stock's fifty day moving average is $106.95 and its 200-day moving average is $100.43. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.89 and a quick ratio of 0.68.

About Coca-Cola Europacific Partners

• Why Chemours Co NYSE: CC Stock is the Recipe for Gains

Coca-Cola Europacific Partners plc NASDAQ: CCEP is a major Coca-Cola bottling partner that manufactures, markets, sells and distributes a broad portfolio of beverages. Its products include Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Powerade, Fuze Tea, smartwater, Costa Coffee and Monster Energy, among other brands.

The company serves customers across a broad geographic territory spanning Europe and the Asia-Pacific region. Its markets include Great Britain, Germany, Spain, Portugal, France, Belgium, the Netherlands, Norway, Sweden, Iceland and Switzerland, as well as Australia, New Zealand, Indonesia and selected Pacific island markets.

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