Boston Partners Trims Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Boston Partners decreased its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 4.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 7,068,692 shares of the company’s stock after selling 332,882 shares during the quarter. Boston Partners owned about 1.53% of Coca-Cola Europacific Partners worth $542,983,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Coca-Cola Europacific Partners by 307.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock worth $191,984,000 after buying an additional 1,839,321 shares in the last quarter. Janus Henderson Group PLC purchased a new position in shares of Coca-Cola Europacific Partners in the 3rd quarter worth $52,364,000. SG Americas Securities LLC grew its stake in shares of Coca-Cola Europacific Partners by 120.8% in the 4th quarter. SG Americas Securities LLC now owns 433,121 shares of the company’s stock worth $33,268,000 after buying an additional 236,917 shares in the last quarter. Raymond James Financial Inc. purchased a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth $14,999,000. Finally, Generate Investment Management Ltd purchased a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth $14,195,000. Institutional investors own 31.35% of the company’s stock.

Analysts Set New Price Targets

CCEP has been the subject of a number of recent analyst reports. Barclays lifted their price target on shares of Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, March 6th. Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price target for the company. UBS Group boosted their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Evercore ISI boosted their price target 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, Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and an average price target of $86.67.

Coca-Cola Europacific Partners Stock Up 1.6 %

NASDAQ:CCEP opened at $84.74 on Tuesday. The company’s 50 day moving average is $80.99 and its two-hundred day moving average is $79.03. The company has a market cap of $39.06 billion, a PE ratio of 17.44, a P/E/G ratio of 4.89 and a beta of 0.91. 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 twelve month low of $65.94 and a twelve month high of $88.39.

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.