Oppenheimer Asset Management Inc. Sells 465 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Oppenheimer Asset Management Inc. lowered its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 0.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 75,882 shares of the company’s stock after selling 465 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in Coca-Cola Europacific Partners were worth $5,828,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of CCEP. World Investment Advisors LLC bought a new position in Coca-Cola Europacific Partners in the 3rd quarter valued at $6,975,000. Transform Wealth LLC grew its stake in Coca-Cola Europacific Partners by 7.7% in the 4th quarter. Transform Wealth LLC now owns 138,691 shares of the company’s stock valued at $10,653,000 after purchasing an additional 9,864 shares during the period. Geode Capital Management LLC grew its stake in Coca-Cola Europacific Partners by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock valued at $160,138,000 after purchasing an additional 58,247 shares during the period. Quantbot Technologies LP grew its stake in Coca-Cola Europacific Partners by 617.2% in the 3rd quarter. Quantbot Technologies LP now owns 44,660 shares of the company’s stock valued at $3,517,000 after purchasing an additional 38,433 shares during the period. Finally, Vontobel Holding Ltd. grew its stake in Coca-Cola Europacific Partners by 28.7% in the 4th quarter. Vontobel Holding Ltd. now owns 329,422 shares of the company’s stock valued at $24,651,000 after purchasing an additional 73,393 shares during the period. Institutional investors own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on CCEP shares. Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price objective for the company. Barclays reduced their price objective on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. Evercore ISI upped their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Finally, Kepler Capital Markets cut Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and a consensus price target of $85.00.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP opened at $86.26 on Friday. The stock’s 50-day simple moving average is $79.35 and its 200 day simple moving average is $78.56. The stock has a market capitalization of $39.76 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. Coca-Cola Europacific Partners PLC has a 52-week low of $65.94 and a 52-week high of $88.39.

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.