Gulf International Bank UK Ltd Lowers Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Gulf International Bank UK Ltd cut its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,511 shares of the company’s stock after selling 177 shares during the period. Gulf International Bank UK Ltd’s holdings in Coca-Cola Europacific Partners were worth $1,191,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Janney Capital Management LLC lifted its position in shares of Coca-Cola Europacific Partners by 4.4% in the third quarter. Janney Capital Management LLC now owns 3,417 shares of the company’s stock valued at $269,000 after acquiring an additional 145 shares in the last quarter. Moody Lynn & Lieberson LLC lifted its position in shares of Coca-Cola Europacific Partners by 5.0% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company’s stock valued at $242,000 after acquiring an additional 150 shares in the last quarter. Blue Trust Inc. lifted its position in shares of Coca-Cola Europacific Partners by 16.2% in the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock valued at $94,000 after acquiring an additional 166 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Coca-Cola Europacific Partners by 0.4% in the third quarter. HighTower Advisors LLC now owns 41,187 shares of the company’s stock valued at $3,242,000 after acquiring an additional 177 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of Coca-Cola Europacific Partners by 0.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 47,496 shares of the company’s stock valued at $3,740,000 after acquiring an additional 177 shares in the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Trading Up 0.2 %

Shares of NASDAQ CCEP opened at $86.26 on Friday. The business’s 50 day moving average is $79.35 and its two-hundred day moving average is $78.59. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. Coca-Cola Europacific Partners PLC has a 1-year low of $65.94 and a 1-year high of $88.39. The stock has a market capitalization of $39.76 billion, a P/E ratio of 17.75, a PEG ratio of 4.89 and a beta of 0.91.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. UBS Group boosted their price objective on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Kepler Capital Markets cut Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. JPMorgan Chase & Co. cut Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and reduced their target price for the stock from $85.00 to $82.00 in a report on Wednesday, November 27th. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Finally, Barclays reduced their target price on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of “Moderate Buy” and an average target price of $85.00.

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.