Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by ING Groep NV

ING Groep NV reduced its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 54.5% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 15,757 shares of the company’s stock after selling 18,877 shares during the period. ING Groep NV’s holdings in Coca-Cola Europacific Partners were worth $1,210,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CCEP. MassMutual Private Wealth & Trust FSB increased its position in Coca-Cola Europacific Partners by 85.3% during 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. Plato Investment Management Ltd acquired a new stake in shares of Coca-Cola Europacific Partners during the third quarter valued at $50,000. Brown Brothers Harriman & Co. increased its position in Coca-Cola Europacific Partners by 1,604.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock worth $67,000 after purchasing an additional 802 shares in the last quarter. Blue Trust Inc. raised its stake in Coca-Cola Europacific Partners by 21.5% in the 3rd quarter. Blue Trust Inc. now owns 1,023 shares of the company’s stock valued at $75,000 after purchasing an additional 181 shares during the last quarter. Finally, Icon Wealth Advisors LLC purchased a new position in Coca-Cola Europacific Partners in the 3rd quarter valued at about $105,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $87.29 on Monday. The stock has a 50-day moving average price of $78.29 and a two-hundred day moving average price of $78.17. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. Coca-Cola Europacific Partners PLC has a 12-month low of $65.94 and a 12-month high of $87.59.

Analysts Set New Price Targets

CCEP has been the subject of a number of recent research reports. UBS Group lifted 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. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Barclays reduced their price target on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Evercore ISI lifted their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. Finally, Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price on the stock. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

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.