Bessemer Group Inc. Reduces Stock Position in Coca-Cola Europacific Partners PLC (NYSE:CCEP)

Bessemer Group Inc. decreased its holdings in Coca-Cola Europacific Partners PLC (NYSE:CCEP) by 19.2% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 911 shares of the company’s stock after selling 217 shares during the quarter. Bessemer Group Inc.’s holdings in Coca-Cola Europacific Partners were worth $53,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Norges Bank purchased a new position in Coca-Cola Europacific Partners during the fourth quarter valued at approximately $66,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main raised its position in shares of Coca-Cola Europacific Partners by 196.6% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,762,591 shares of the company’s stock valued at $97,507,000 after buying an additional 1,168,323 shares during the last quarter. LSV Asset Management raised its position in shares of Coca-Cola Europacific Partners by 990.8% during the first quarter. LSV Asset Management now owns 1,084,300 shares of the company’s stock valued at $64,180,000 after buying an additional 984,900 shares during the last quarter. BlackRock Inc. raised its position in shares of Coca-Cola Europacific Partners by 5.0% during the first quarter. BlackRock Inc. now owns 14,447,992 shares of the company’s stock valued at $702,316,000 after buying an additional 685,745 shares during the last quarter. Finally, Wellington Management Group LLP raised its position in shares of Coca-Cola Europacific Partners by 20.0% during the first quarter. Wellington Management Group LLP now owns 3,865,724 shares of the company’s stock valued at $187,912,000 after buying an additional 643,635 shares during the last quarter. Hedge funds and other institutional investors own 29.37% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the stock. Argus boosted their price target on shares of Coca-Cola Europacific Partners from $62.00 to $72.00 in a research report on Friday, May 26th. StockNews.com started coverage on shares of Coca-Cola Europacific Partners in a research note on Thursday, August 17th. They set a “buy” rating for the company. Credit Suisse Group lifted their price objective on shares of Coca-Cola Europacific Partners to €68.00 ($73.91) in a research note on Tuesday, August 15th. Barclays boosted their target price on shares of Coca-Cola Europacific Partners from $72.00 to $74.00 and gave the company an “overweight” rating in a research note on Friday, August 4th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Coca-Cola Europacific Partners from $66.50 to $75.50 in a research note on Wednesday, July 5th.

Coca-Cola Europacific Partners Stock Up 1.0 %

Shares of Coca-Cola Europacific Partners stock opened at $63.48 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.66 and a debt-to-equity ratio of 1.20. The company has a 50-day simple moving average of $64.24 and a two-hundred day simple moving average of $61.64. Coca-Cola Europacific Partners PLC has a one year low of $41.80 and a one year high of $66.79.

Coca-Cola Europacific Partners 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.