Compound Global Advisors LLC Decreases Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Compound Global Advisors LLC reduced its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 16.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 165,628 shares of the company's stock after selling 32,699 shares during the quarter. Coca-Cola Europacific Partners makes up about 2.0% of Compound Global Advisors LLC's holdings, making the stock its 26th largest position. Compound Global Advisors LLC's holdings in Coca-Cola Europacific Partners were worth $11,054,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. KB Financial Partners LLC bought a new position in Coca-Cola Europacific Partners during the first quarter worth about $33,000. Global Retirement Partners LLC increased its position in shares of Coca-Cola Europacific Partners by 97.5% during the third quarter. Global Retirement Partners LLC now owns 644 shares of the company's stock valued at $39,000 after buying an additional 318 shares during the period. Neo Ivy Capital Management bought a new stake in Coca-Cola Europacific Partners during the 2nd quarter worth approximately $40,000. China Universal Asset Management Co. Ltd. bought a new position in Coca-Cola Europacific Partners in the 4th quarter valued at $61,000. Finally, NBC Securities Inc. bought a new position in shares of Coca-Cola Europacific Partners in the third quarter worth $73,000. Institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Performance

CCEP traded up $0.54 during midday trading on Friday, reaching $69.29. The company's stock had a trading volume of 1,442,322 shares, compared to its average volume of 1,568,297. Coca-Cola Europacific Partners PLC has a 1 year low of $56.28 and a 1 year high of $72.67. The stock's 50-day moving average is $69.47 and its 200-day moving average is $64.91. 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 (NASDAQ:CCEP - Get Free Report) last posted its quarterly earnings results on Friday, February 23rd. The company reported $1.85 earnings per share for the quarter, hitting the consensus estimate of $1.85. As a group, equities research analysts expect that Coca-Cola Europacific Partners PLC will post 4.18 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have weighed in on CCEP shares. Barclays upped their target price on Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 27th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a "buy" rating in a research report on Thursday, March 28th. StockNews.com upgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a research report on Monday, February 26th. UBS Group increased their price objective on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a "buy" rating in a research report on Monday, February 26th. Finally, BNP Paribas upgraded 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 report on Friday, January 12th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $74.02.

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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