ING Groep NV Sells 8,564 Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP)

ING Groep NV cut its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 54.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 7,193 shares of the company's stock after selling 8,564 shares during the period. ING Groep NV's holdings in Coca-Cola Europacific Partners were worth $626,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. grew its stake in Coca-Cola Europacific Partners by 253.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,948,024 shares of the company's stock worth $169,537,000 after purchasing an additional 1,397,394 shares during the period. Barclays PLC lifted its position in Coca-Cola Europacific Partners by 236.4% during the fourth quarter. Barclays PLC now owns 1,804,855 shares of the company's stock valued at $138,631,000 after buying an additional 1,268,401 shares during the period. Jane Street Group LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 842.4% during the 4th quarter. Jane Street Group LLC now owns 714,988 shares of the company's stock valued at $54,918,000 after buying an additional 639,119 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of Coca-Cola Europacific Partners by 56.3% during the 4th quarter. Northern Trust Corp now owns 1,542,368 shares of the company's stock valued at $118,469,000 after buying an additional 555,388 shares in the last quarter. Finally, Point72 Asset Management L.P. grew its position in shares of Coca-Cola Europacific Partners by 232.7% in the 4th quarter. Point72 Asset Management L.P. now owns 563,829 shares of the company's stock worth $43,308,000 after buying an additional 394,372 shares during the period. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Stock Down 7.1%

NASDAQ:CCEP opened at $91.32 on Thursday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.62 and a current ratio of 0.81. The firm has a market cap of $42.09 billion, a P/E ratio of 18.79, a P/E/G ratio of 2.57 and a beta of 0.75. Coca-Cola Europacific Partners has a fifty-two week low of $71.49 and a fifty-two week high of $100.67. The firm has a 50-day simple moving average of $94.68 and a two-hundred day simple moving average of $88.48.

Wall Street Analysts Forecast Growth

CCEP has been the subject of several research reports. Barclays reiterated an "overweight" rating and issued a $104.00 price target (up from $101.00) on shares of Coca-Cola Europacific Partners in a research note on Tuesday, July 15th. Wall Street Zen cut shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, UBS Group lifted 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 report on Wednesday, July 2nd. One research analyst has rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target 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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