Cullen Capital Management LLC Sells 28,689 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Cullen Capital Management LLC cut its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 4.4% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 626,177 shares of the company’s stock after selling 28,689 shares during the quarter. Cullen Capital Management LLC owned approximately 0.14% of Coca-Cola Europacific Partners worth $48,097,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rockefeller Capital Management L.P. grew its stake in shares of Coca-Cola Europacific Partners by 2.5% in the 3rd quarter. Rockefeller Capital Management L.P. now owns 34,823 shares of the company’s stock valued at $2,738,000 after buying an additional 855 shares during the period. HighTower Advisors LLC grew its stake in 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 during the period. Janus Henderson Group PLC bought a new stake in shares of Coca-Cola Europacific Partners during the third quarter valued at approximately $52,364,000. Investment Management Corp of Ontario raised its position in shares of Coca-Cola Europacific Partners by 18.2% during the third quarter. Investment Management Corp of Ontario now owns 13,660 shares of the company’s stock worth $1,076,000 after purchasing an additional 2,100 shares during the period. Finally, IHT Wealth Management LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 43.9% in the 3rd quarter. IHT Wealth Management LLC now owns 4,041 shares of the company’s stock worth $317,000 after purchasing an additional 1,232 shares in the last quarter. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP opened at $83.93 on Friday. The company has a market capitalization of $38.69 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73. The company’s 50-day moving average is $83.77 and its 200 day moving average is $79.55. 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 fifty-two week low of $65.94 and a fifty-two week high of $91.29.

Wall Street Analyst Weigh In

A number of analysts have commented on CCEP shares. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Evercore ISI boosted their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. UBS Group raised their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Barclays upped their price target on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and an average price target of $87.00.

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.