Coca-Cola Europacific Partners $CCEP Shares Sold by National Pension Service

Key Points

• The National Pension Service has significantly reduced its stake in Coca-Cola Europacific Partners by 76.6%, selling 320,612 shares and holding 97,961 shares as of the latest SEC filing.
• Coca-Cola Europacific Partners' stock has a market capitalization of $41.81 billion and opened at $90.70 on Friday, with a 12-month price range of $73.40 to $100.67.
• Analyst ratings for Coca-Cola Europacific Partners include a consensus of "Hold," with recent reports varying from "buy" to "sell" from different brokerages.

National Pension Service lowered its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 76.6% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,961 shares of the company's stock after selling 320,612 shares during the period. National Pension Service's holdings in Coca-Cola Europacific Partners were worth $8,526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the stock. Assetmark Inc. grew its stake in shares of Coca-Cola Europacific Partners by 107.3% during the first quarter. Assetmark Inc. now owns 284 shares of the company's stock worth $25,000 after purchasing an additional 147 shares in the last quarter. NBC Securities Inc. acquired a new position in shares of Coca-Cola Europacific Partners during the first quarter worth $28,000. Optiver Holding B.V. acquired a new position in shares of Coca-Cola Europacific Partners during the fourth quarter worth $29,000. Cullen Frost Bankers Inc. grew its stake 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 in the last quarter. Finally, HM Payson & Co. acquired a new position in shares of Coca-Cola Europacific Partners during the first quarter worth $33,000. Institutional investors and hedge funds own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ CCEP traded down $0.3370 during trading hours on Friday, reaching $90.8530. The stock had a trading volume of 780,676 shares, compared to its average volume of 2,129,169. 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 firm has a market cap of $41.88 billion, a price-to-earnings ratio of 18.70, a PEG ratio of 2.69 and a beta of 0.75. Coca-Cola Europacific Partners has a fifty-two week low of $73.40 and a fifty-two week high of $100.67. The firm has a 50-day moving average of $94.68 and a 200-day moving average of $89.57.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. 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. Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. UBS Group raised their price objective on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Morgan Stanley cut shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a report on Thursday, August 7th. Finally, Barclays cut their price objective on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners has an average rating of "Moderate Buy" and an average 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.