Gulf International Bank UK Ltd Sells 5,057 Shares of Coca-Cola Europacific Partners $CCEP

Key Points

• Gulf International Bank UK Ltd reduced its stake in Coca-Cola Europacific Partners by 32.6%, owning 10,454 shares worth $909,000 as of its last SEC filing.
• Several institutional investors, including Assetmark Inc. and Cullen Frost Bankers Inc., significantly increased their positions in Coca-Cola Europacific Partners during the first quarter.
• Analysts have mixed ratings for Coca-Cola Europacific Partners, with the stock currently holding an average rating of "Hold" and an average price target of $90.43.

Gulf International Bank UK Ltd trimmed its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 32.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,454 shares of the company's stock after selling 5,057 shares during the period. Gulf International Bank UK Ltd's holdings in Coca-Cola Europacific Partners were worth $909,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCEP. Invesco Ltd. grew its holdings in shares of Coca-Cola Europacific Partners by 2.1% during the 1st quarter. Invesco Ltd. now owns 10,335,894 shares of the company's stock worth $899,533,000 after purchasing an additional 215,966 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 462.7% in the 1st quarter. Vanguard Group Inc. now owns 9,883,600 shares of the company's stock valued at $862,167,000 after purchasing an additional 8,126,996 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Coca-Cola Europacific Partners by 24.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,205,337 shares of the company's stock valued at $540,050,000 after purchasing an additional 1,214,493 shares during the last quarter. JPMorgan Chase & Co. grew its position in Coca-Cola Europacific Partners by 4.9% in the first quarter. JPMorgan Chase & Co. now owns 3,030,119 shares of the company's stock valued at $263,711,000 after acquiring an additional 142,019 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Coca-Cola Europacific Partners by 1.6% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,476,806 shares of the company's stock worth $190,243,000 after buying an additional 38,911 shares in the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Down 0.4%

Coca-Cola Europacific Partners stock traded down $0.3370 during trading hours on Friday, hitting $90.8530. 780,676 shares of the stock traded hands, compared to its average volume of 2,129,169. Coca-Cola Europacific Partners has a one year low of $73.40 and a one year high of $100.67. The firm's 50-day moving average price is $94.68 and its two-hundred day moving average price is $89.57. 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 company has a market cap of $41.88 billion, a PE ratio of 18.70, a PEG ratio of 2.69 and a beta of 0.75.

Analyst Ratings Changes

Several equities research analysts recently commented on CCEP shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. UBS Group boosted their target price on 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. Barclays cut 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 report on Friday, August 8th. Morgan Stanley cut shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research report on Thursday, August 7th. Finally, Wall Street Zen cut Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of "Moderate Buy" and a consensus price target of $90.43.

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.