Foundry Partners LLC lessened its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 11.0% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 206,013 shares of the company's stock after selling 25,555 shares during the period. Foundry Partners LLC's holdings in Coca-Cola Europacific Partners were worth $13,749,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. BlackRock Inc. raised its holdings in Coca-Cola Europacific Partners by 5.0% in the 1st quarter. BlackRock Inc. now owns 14,447,992 shares of the company's stock valued at $702,316,000 after acquiring an additional 685,745 shares in the last quarter. FMR LLC raised its holdings in Coca-Cola Europacific Partners by 3.7% in the 3rd quarter. FMR LLC now owns 6,359,772 shares of the company's stock valued at $397,359,000 after acquiring an additional 225,744 shares in the last quarter. State Street Corp raised its holdings in Coca-Cola Europacific Partners by 0.5% in the 1st quarter. State Street Corp now owns 4,609,815 shares of the company's stock valued at $272,855,000 after acquiring an additional 21,053 shares in the last quarter. Wellington Management Group LLP raised its holdings in Coca-Cola Europacific Partners by 20.0% in the 1st quarter. Wellington Management Group LLP now owns 3,865,724 shares of the company's stock valued at $187,912,000 after acquiring an additional 643,635 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in Coca-Cola Europacific Partners by 8.4% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,055,875 shares of the company's stock valued at $180,859,000 after acquiring an additional 237,392 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company's stock.
Wall Street Analyst Weigh In
Several equities research analysts have recently weighed in on CCEP shares. UBS Group upped their price objective on 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. BNP Paribas upgraded Coca-Cola Europacific Partners from a "neutral" rating to an "outperform" rating and set a $79.00 price objective on the stock in a research note on Friday, January 12th. Argus upped their price objective on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a "buy" rating in a research note on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft upped their price objective on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a "buy" rating in a research note on Thursday, March 28th. Finally, StockNews.com upgraded Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a research note on Monday, February 26th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $74.02.
View Our Latest Analysis on Coca-Cola Europacific Partners
Coca-Cola Europacific Partners Price Performance
NASDAQ CCEP traded up $0.98 during trading hours on Friday, reaching $67.58. 1,472,177 shares of the company's stock were exchanged, compared to its average volume of 1,215,798. Coca-Cola Europacific Partners PLC has a one year low of $56.28 and a one year high of $72.67. The firm has a fifty day moving average of $69.30 and a 200-day moving average of $65.34. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 1.27.
Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) last announced its quarterly earnings data on Friday, February 23rd. The company reported $1.85 EPS for the quarter, meeting analysts' consensus estimates of $1.85. Equities research analysts expect that Coca-Cola Europacific Partners PLC will post 4.18 EPS for the current year.
Coca-Cola Europacific Partners Company Profile
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Free Report)
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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