Fiduciary Management Inc. WI Sells 5,275 Shares of Coca-Cola Europacific Partners $CCEP

Key Points

• Fiduciary Management Inc. reduced its stake in Coca-Cola Europacific Partners by 0.3%, selling 5,275 shares, but still holds approximately 2,045,406 shares, valued at $178 million.
• Several institutional investors, including First Trust Advisors and MetLife Investment Management, increased their holdings in Coca-Cola Europacific Partners during the fourth quarter.
• Analyst ratings for Coca-Cola Europacific Partners show mixed opinions, with a consensus rating of "Moderate Buy" and a price target of $90.43.

Fiduciary Management Inc. WI lessened its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 0.3% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,045,406 shares of the company's stock after selling 5,275 shares during the period. Coca-Cola Europacific Partners makes up approximately 1.7% of Fiduciary Management Inc. WI's portfolio, making the stock its 23rd biggest holding. Fiduciary Management Inc. WI owned 0.44% of Coca-Cola Europacific Partners worth $178,012,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CCEP. Assetmark Inc. increased its holdings in shares of Coca-Cola Europacific Partners by 107.3% in the first quarter. Assetmark Inc. now owns 284 shares of the company's stock worth $25,000 after purchasing an additional 147 shares during the period. NBC Securities Inc. purchased a new stake in shares of Coca-Cola Europacific Partners during the first quarter worth about $28,000. Cullen Frost Bankers Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 204.2% during the first quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company's stock worth $32,000 after purchasing an additional 245 shares during the period. Optiver Holding B.V. purchased a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth about $29,000. Finally, HM Payson & Co. bought a new position in Coca-Cola Europacific Partners in the first quarter worth about $33,000. Hedge funds and other institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Performance

CCEP stock traded down $0.69 on Monday, hitting $89.65. The company had a trading volume of 1,053,925 shares, compared to its average volume of 2,129,564. Coca-Cola Europacific Partners has a 12-month low of $73.40 and a 12-month high of $100.67. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15. The stock's 50-day simple moving average is $94.63 and its 200 day simple moving average is $89.80. The stock has a market cap of $41.32 billion, a price-to-earnings ratio of 18.45, a P/E/G ratio of 2.62 and a beta of 0.75.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on CCEP shares. Barclays decreased their price target on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating for the company in a research note on Friday, August 8th. UBS Group raised their target price on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Morgan Stanley downgraded shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research note on Thursday, August 7th. Wall Street Zen downgraded shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Coca-Cola Europacific Partners in a research note on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.43.

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.