Barrow Hanley Mewhinney & Strauss LLC Cuts Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Barrow Hanley Mewhinney & Strauss LLC cut its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 5.5% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 495,953 shares of the company’s stock after selling 29,039 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned approximately 0.11% of Coca-Cola Europacific Partners worth $38,094,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Cerity Partners LLC boosted its position in Coca-Cola Europacific Partners by 33.7% during the 3rd quarter. Cerity Partners LLC now owns 18,822 shares of the company’s stock valued at $1,482,000 after acquiring an additional 4,743 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Coca-Cola Europacific Partners by 23.8% in the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 196,445 shares of the company’s stock valued at $15,470,000 after purchasing an additional 37,706 shares during the last quarter. Fiduciary Trust Co raised its holdings in Coca-Cola Europacific Partners by 7.6% in the third quarter. Fiduciary Trust Co now owns 5,345 shares of the company’s stock worth $421,000 after purchasing an additional 377 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Coca-Cola Europacific Partners by 307.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock valued at $191,984,000 after buying an additional 1,839,321 shares during the last quarter. Finally, PEAK6 Investments LLC bought a new stake in shares of Coca-Cola Europacific Partners in the 3rd quarter valued at about $234,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

CCEP opened at $86.30 on Monday. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a 12-month low of $65.94 and a 12-month high of $88.39. The firm has a 50 day moving average of $82.76 and a two-hundred day moving average of $79.33. The firm has a market capitalization of $39.78 billion, a PE ratio of 17.76, a P/E/G ratio of 4.89 and a beta of 0.91.

Analyst Ratings Changes

CCEP has been the subject of several recent analyst reports. UBS Group boosted their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Evercore ISI increased their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Barclays boosted their target price on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Finally, Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and a consensus target price of $87.00.

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.