ING Groep NV Decreases Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

ING Groep NV cut its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 54.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm 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 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Janney Capital Management LLC increased its holdings in Coca-Cola Europacific Partners by 4.4% in the 3rd quarter. Janney Capital Management LLC now owns 3,417 shares of the company’s stock valued at $269,000 after purchasing an additional 145 shares during the last quarter. Moody Lynn & Lieberson LLC grew its stake in shares of Coca-Cola Europacific Partners by 5.0% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company’s stock worth $242,000 after purchasing an additional 150 shares in the last quarter. Blue Trust Inc. increased its holdings in Coca-Cola Europacific Partners by 16.2% in the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock valued at $94,000 after buying an additional 166 shares during the last quarter. HighTower Advisors LLC raised its stake in Coca-Cola Europacific Partners by 0.4% in the third quarter. HighTower Advisors LLC now owns 41,187 shares of the company’s stock valued at $3,242,000 after buying an additional 177 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in Coca-Cola Europacific Partners by 0.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 47,496 shares of the company’s stock valued at $3,740,000 after buying an additional 177 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Trading Up 0.9 %

Shares of CCEP opened at $87.29 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 fifty-two week low of $65.94 and a fifty-two week high of $87.59. The firm has a 50-day simple moving average of $78.29 and a 200-day simple moving average of $78.17.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on CCEP. 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. 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 report on Thursday, December 12th. 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. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. Finally, Barclays decreased their price objective on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $85.00.

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.