Vanguard Group Inc. Sells 242,868 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Vanguard Group Inc. decreased its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 10.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,006,422 shares of the company's stock after selling 242,868 shares during the quarter. Vanguard Group Inc. owned approximately 0.44% of Coca-Cola Europacific Partners worth $125,361,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Envestnet Portfolio Solutions Inc. acquired a new position in Coca-Cola Europacific Partners in the 3rd quarter valued at about $685,000. Korea Investment CORP boosted its stake in Coca-Cola Europacific Partners by 4.1% during the 3rd quarter. Korea Investment CORP now owns 252,644 shares of the company's stock worth $15,843,000 after purchasing an additional 9,893 shares during the period. WS Portfolio Advisory LLC lifted its stake in shares of Coca-Cola Europacific Partners by 82.0% in the 3rd quarter. WS Portfolio Advisory LLC now owns 198,327 shares of the company's stock worth $12,391,000 after acquiring an additional 89,383 shares during the period. Northern Trust Corp lifted its stake in shares of Coca-Cola Europacific Partners by 24.6% in the 3rd quarter. Northern Trust Corp now owns 1,413,900 shares of the company's stock worth $88,340,000 after acquiring an additional 279,218 shares during the period. Finally, JPMorgan Chase & Co. lifted its stake in shares of Coca-Cola Europacific Partners by 8.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 2,221,296 shares of the company's stock worth $138,787,000 after acquiring an additional 168,420 shares during the period. Institutional investors and hedge funds own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Down 0.0 %

Shares of CCEP traded down $0.02 during mid-day trading on Wednesday, hitting $68.95. The company had a trading volume of 1,592,304 shares, compared to its average volume of 1,578,774. The business's 50-day simple moving average is $69.43 and its 200-day simple moving average is $64.85. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72. Coca-Cola Europacific Partners PLC has a 1-year low of $56.28 and a 1-year high of $72.67.

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) last released its earnings results on Friday, February 23rd. The company reported $1.85 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.85. On average, research analysts predict that Coca-Cola Europacific Partners PLC will post 4.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts have recently commented on CCEP shares. BNP Paribas upgraded shares of Coca-Cola Europacific Partners from a "neutral" rating to an "outperform" rating and set a $79.00 target price for the company in a research note on Friday, January 12th. StockNews.com upgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a report on Monday, February 26th. Argus increased their price target on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a "buy" rating in a report on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft increased their price target on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a "buy" rating in a report on Thursday, March 28th. Finally, Barclays raised their target price on shares of Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the company an "overweight" rating in a report on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $74.02.

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.