Ninety One UK Ltd Decreases Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Ninety One UK Ltd lessened its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 8.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,776,242 shares of the company's stock after selling 444,296 shares during the period. Ninety One UK Ltd owned 1.05% of Coca-Cola Europacific Partners worth $318,766,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of CCEP. Norges Bank acquired a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth approximately $66,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Coca-Cola Europacific Partners by 196.6% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,762,591 shares of the company's stock valued at $97,507,000 after acquiring an additional 1,168,323 shares during the last quarter. Nuveen Asset Management LLC grew its holdings in Coca-Cola Europacific Partners by 94.7% during the 2nd quarter. Nuveen Asset Management LLC now owns 1,839,421 shares of the company's stock worth $118,514,000 after acquiring an additional 894,560 shares during the period. BlackRock Inc. raised its position in shares of Coca-Cola Europacific Partners by 5.0% in the 1st quarter. BlackRock Inc. now owns 14,447,992 shares of the company's stock worth $702,316,000 after acquiring an additional 685,745 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its position in shares of Coca-Cola Europacific Partners by 1,183.0% during the 1st quarter. Balyasny Asset Management L.P. now owns 706,715 shares of the company's stock valued at $41,830,000 after purchasing an additional 651,632 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company's stock.

Analyst Ratings Changes

CCEP has been the topic of several research reports. BNP Paribas upgraded shares of Coca-Cola Europacific Partners from a "neutral" rating to an "outperform" rating and set a $79.00 price objective on the stock in a report on Friday, January 12th. Deutsche Bank Aktiengesellschaft boosted their price objective on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a "buy" rating in a report on Thursday, March 28th. StockNews.com raised shares of Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a research report on Monday, February 26th. UBS Group raised their price objective on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a "buy" rating in a research note on Monday, February 26th. Finally, Barclays upped their target price on shares of Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the stock an "overweight" rating in a report on Tuesday, February 27th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $74.02.

Coca-Cola Europacific Partners Trading Up 0.4 %

NASDAQ:CCEP traded up $0.25 on Thursday, hitting $66.60. The stock had a trading volume of 1,080,691 shares, compared to its average volume of 1,529,767. Coca-Cola Europacific Partners PLC has a 1 year low of $56.28 and a 1 year high of $72.67. The firm's fifty day simple moving average is $69.30 and its two-hundred day simple moving average is $65.22. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27.

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, meeting the consensus estimate of $1.85. Research analysts forecast that Coca-Cola Europacific Partners PLC will post 4.18 EPS for the current year.

About Coca-Cola Europacific Partners

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.