Coca-Cola Europacific Partners (NASDAQ:CCEP) Shares Sold by Jefferies Financial Group Inc.

Key Points

• Jefferies Financial Group Inc. significantly reduced its stake in Coca-Cola Europacific Partners by 88%, now holding only 7,468 shares after selling 54,821 shares during the quarter.
• Several institutional investors increased their positions in Coca-Cola Europacific Partners, with Aviva PLC boosting its stake by 4% and Russell Investments Group Ltd. increasing theirs by 22.3% in the last quarter.
• Shares of Coca-Cola Europacific Partners are currently trading at $98.33, with an average target price of $90.57, as analysts maintain a "Moderate Buy" rating for the stock.

Jefferies Financial Group Inc. decreased its position in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 88.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,468 shares of the company's stock after selling 54,821 shares during the quarter. Jefferies Financial Group Inc.'s holdings in Coca-Cola Europacific Partners were worth $650,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in CCEP. Aviva PLC grew its position in shares of Coca-Cola Europacific Partners by 4.0% in the 4th quarter. Aviva PLC now owns 276,790 shares of the company's stock worth $21,260,000 after acquiring an additional 10,720 shares in the last quarter. Russell Investments Group Ltd. grew its position in shares of Coca-Cola Europacific Partners by 22.3% in the 4th quarter. Russell Investments Group Ltd. now owns 163,366 shares of the company's stock worth $12,538,000 after acquiring an additional 29,840 shares in the last quarter. Federated Hermes Inc. boosted its position in Coca-Cola Europacific Partners by 27.0% during the 4th quarter. Federated Hermes Inc. now owns 44,070 shares of the company's stock valued at $3,385,000 after purchasing an additional 9,364 shares during the period. FMR LLC boosted its position in Coca-Cola Europacific Partners by 3.3% during the 4th 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. Finally, Bank of Montreal Can boosted its position in Coca-Cola Europacific Partners by 7.7% during the 4th quarter. Bank of Montreal Can now owns 284,675 shares of the company's stock valued at $21,866,000 after purchasing an additional 20,448 shares during the period. Institutional investors and hedge funds own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Up 0.5%

Shares of Coca-Cola Europacific Partners stock opened at $98.33 on Wednesday. The business's fifty day moving average price is $94.64 and its two-hundred day moving average price is $88.46. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.62. The company has a market capitalization of $45.33 billion, a P/E ratio of 20.23, a PEG ratio of 2.56 and a beta of 0.75. Coca-Cola Europacific Partners has a 1-year low of $71.49 and a 1-year high of $100.67.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the company. Barclays restated an "overweight" rating and set a $104.00 price objective (up previously from $101.00) on shares of Coca-Cola Europacific Partners in a research report on Tuesday, July 15th. Wall Street Zen lowered Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Finally, UBS Group boosted their price objective on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $90.57.

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.

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