Robeco Schweiz AG Sells 69,687 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Robeco Schweiz AG cut its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 28.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 174,159 shares of the company’s stock after selling 69,687 shares during the period. Robeco Schweiz AG’s holdings in Coca-Cola Europacific Partners were worth $13,377,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in CCEP. Massachusetts Financial Services Co. MA increased its holdings in Coca-Cola Europacific Partners by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company’s stock worth $217,191,000 after purchasing an additional 32,776 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Coca-Cola Europacific Partners by 307.3% during 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 during the period. Geode Capital Management LLC increased its stake in shares of Coca-Cola Europacific Partners by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock valued at $160,138,000 after acquiring an additional 58,247 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Coca-Cola Europacific Partners during the 3rd quarter valued at $52,364,000. Finally, Bank of New York Mellon Corp boosted its stake in Coca-Cola Europacific Partners by 0.6% during the fourth quarter. Bank of New York Mellon Corp now owns 643,090 shares of the company’s stock worth $49,396,000 after acquiring an additional 3,719 shares in the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on CCEP shares. 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. Evercore ISI boosted their target price 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. UBS Group increased their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Barclays decreased their price objective on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 target price on the stock. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

Coca-Cola Europacific Partners Trading Down 1.7 %

NASDAQ CCEP opened at $86.08 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $39.68 billion, a P/E ratio of 17.71, a PEG ratio of 4.89 and a beta of 0.91. The business has a fifty day simple moving average of $78.90 and a 200 day simple moving average of $78.42. Coca-Cola Europacific Partners PLC has a 12 month low of $65.94 and a 12 month high of $88.39.

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.