Legal & General Group Plc Decreases Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Legal & General Group Plc decreased its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 17.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,857,195 shares of the company’s stock after selling 382,181 shares during the quarter. Legal & General Group Plc owned about 0.40% of Coca-Cola Europacific Partners worth $142,638,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. HighTower Advisors LLC grew its stake in Coca-Cola Europacific Partners by 0.4% during the 3rd 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. Wellington Management Group LLP grew its position in shares of Coca-Cola Europacific Partners by 4.1% in the third quarter. Wellington Management Group LLP now owns 461,785 shares of the company’s stock valued at $36,366,000 after purchasing an additional 18,133 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of Coca-Cola Europacific Partners by 6.4% in the third quarter. MML Investors Services LLC now owns 6,390 shares of the company’s stock valued at $503,000 after purchasing an additional 384 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Coca-Cola Europacific Partners in the third quarter valued at approximately $618,000. Finally, Nomura Asset Management Co. Ltd. lifted its position in Coca-Cola Europacific Partners by 4.3% during the third quarter. Nomura Asset Management Co. Ltd. now owns 76,449 shares of the company’s stock worth $6,020,000 after buying an additional 3,131 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on CCEP shares. Barclays raised 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, March 27th. 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 target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Finally, UBS Group raised their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Coca-Cola Europacific Partners Trading Down 0.1 %

CCEP opened at $84.99 on Friday. Coca-Cola Europacific Partners PLC has a 52 week low of $65.94 and a 52 week high of $91.29. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The business has a fifty day simple moving average of $84.41 and a 200-day simple moving average of $79.67. The firm has a market cap of $39.18 billion, a P/E ratio of 17.49, a P/E/G ratio of 4.89 and a beta of 0.73.

Coca-Cola Europacific Partners 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.