Coca-Cola Europacific Partners $CCEP Shares Sold by National Bank of Canada FI

National Bank of Canada FI trimmed its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 12.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 71,000 shares of the company's stock after selling 9,960 shares during the period. National Bank of Canada FI's holdings in Coca-Cola Europacific Partners were worth $6,179,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of CCEP. Advisory Services Network LLC acquired a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $262,000. Raymond James Financial Inc. acquired a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $14,999,000. Rockefeller Capital Management L.P. grew its holdings in Coca-Cola Europacific Partners by 2.6% in the fourth quarter. Rockefeller Capital Management L.P. now owns 35,730 shares of the company's stock valued at $2,741,000 after purchasing an additional 907 shares during the period. Townsquare Capital LLC grew its holdings in Coca-Cola Europacific Partners by 27.4% in the fourth quarter. Townsquare Capital LLC now owns 4,417 shares of the company's stock valued at $339,000 after purchasing an additional 949 shares during the period. Finally, Summit Investment Advisors Inc. grew its holdings in Coca-Cola Europacific Partners by 6.0% in the fourth quarter. Summit Investment Advisors Inc. now owns 14,647 shares of the company's stock valued at $1,125,000 after purchasing an additional 829 shares during the period. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Trading Down 0.9%

NASDAQ:CCEP traded down $0.82 on Monday, reaching $89.88. The company's stock had a trading volume of 593,174 shares, compared to its average volume of 2,140,795. Coca-Cola Europacific Partners has a 12-month low of $73.40 and a 12-month high of $100.67. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15. The firm has a market cap of $41.43 billion, a price-to-earnings ratio of 18.49, a price-to-earnings-growth ratio of 2.63 and a beta of 0.75. The stock has a 50 day moving average price of $94.83 and a 200 day moving average price of $89.38.

Wall Street Analyst Weigh In

A number of analysts have recently commented on CCEP shares. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola Europacific Partners in a research note 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 note on Thursday, August 7th. Barclays lowered their price target on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Wall Street Zen lowered Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. Finally, UBS Group lifted their price target on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. One research analyst has rated the stock with a sell rating, five have issued a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average price target 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.