USS Investment Management Ltd Has $3.98 Million Holdings in Coca-Cola Europacific Partners $CCEP

Key Points

• USS Investment Management Ltd reduced its stake in Coca-Cola Europacific Partners by 46.8%, selling 40,200 shares, leaving them with a total of 45,723 shares valued at approximately $3.98 million.
• Recent analyst ratings for Coca-Cola Europacific Partners include a mix of upgrades and downgrades, with the stock currently holding an average rating of "Moderate Buy" and an average price target of $90.50.
• The company's stock has shown stability with a market cap of $41.54 billion, having fluctuated between a 1-year low of $73.40 and a high of $100.67.

USS Investment Management Ltd decreased its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 46.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,723 shares of the company's stock after selling 40,200 shares during the quarter. USS Investment Management Ltd's holdings in Coca-Cola Europacific Partners were worth $3,978,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Assetmark Inc. boosted its position 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 buying an additional 147 shares during the period. NBC Securities Inc. acquired a new position in shares of Coca-Cola Europacific Partners during the first quarter valued at approximately $28,000. Cullen Frost Bankers Inc. increased 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 valued at $32,000 after acquiring an additional 245 shares during the period. HM Payson & Co. acquired a new position in shares of Coca-Cola Europacific Partners during the first quarter valued at approximately $33,000. Finally, Motco increased its stake in shares of Coca-Cola Europacific Partners by 285.7% during the first quarter. Motco now owns 405 shares of the company's stock valued at $35,000 after acquiring an additional 300 shares during the period. Institutional investors and hedge funds own 31.35% of the company's stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on CCEP. UBS Group raised their price objective 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. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Coca-Cola Europacific Partners in a research note on Friday, August 8th. Wall Street Zen lowered shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. 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 reduced their target price 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. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Coca-Cola Europacific Partners currently has a consensus rating of "Moderate Buy" and a consensus target price of $92.40.

Coca-Cola Europacific Partners Trading Down 0.4%

Coca-Cola Europacific Partners stock traded down $0.35 during midday trading on Friday, reaching $89.71. The stock had a trading volume of 1,128,912 shares, compared to its average volume of 2,030,219. The firm's fifty day simple moving average is $93.40 and its two-hundred day simple moving average is $90.19. Coca-Cola Europacific Partners has a twelve month low of $73.40 and a twelve month high of $100.67. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. The firm has a market cap of $41.35 billion, a price-to-earnings ratio of 18.46, a PEG ratio of 2.62 and a beta of 0.78.

Coca-Cola Europacific Partners 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.