Sei Investments Co. Sells 4,437 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Sei Investments Co. decreased its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 349,471 shares of the company’s stock after selling 4,437 shares during the quarter. Sei Investments Co.’s holdings in Coca-Cola Europacific Partners were worth $26,843,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of Coca-Cola Europacific Partners during the 4th quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB lifted its position in shares of Coca-Cola Europacific Partners by 85.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after buying an additional 197 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in Coca-Cola Europacific Partners during the 4th quarter valued at approximately $52,000. Brown Brothers Harriman & Co. increased its stake in Coca-Cola Europacific Partners by 1,604.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock worth $67,000 after acquiring an additional 802 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 16.2% during the 4th quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock worth $94,000 after acquiring an additional 166 shares in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Up 0.4 %

Shares of NASDAQ:CCEP opened at $84.14 on Wednesday. The firm has a market capitalization of $38.78 billion, a PE ratio of 17.31, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. The business has a 50 day simple moving average of $82.18 and a two-hundred day simple moving average of $79.20. Coca-Cola Europacific Partners PLC has a 1 year low of $65.94 and a 1 year high of $88.39. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on CCEP. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. UBS Group lifted 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. Barclays upped their target price on shares of Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an “overweight” rating in a research report on Thursday, March 6th. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Finally, 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 research note on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.88.

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.