Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Bleakley Financial Group LLC

Bleakley Financial Group LLC lowered its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.6% in the fourth quarter, HoldingsChannel reports. The fund owned 9,422 shares of the company’s stock after selling 150 shares during the quarter. Bleakley Financial Group LLC’s holdings in Coca-Cola Europacific Partners were worth $629,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. KB Financial Partners LLC purchased a new position in shares of Coca-Cola Europacific Partners during the 1st quarter valued at approximately $33,000. Global Retirement Partners LLC lifted its stake in Coca-Cola Europacific Partners by 97.5% in the 3rd quarter. Global Retirement Partners LLC now owns 644 shares of the company’s stock valued at $39,000 after buying an additional 318 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in Coca-Cola Europacific Partners during the 2nd quarter worth approximately $40,000. China Universal Asset Management Co. Ltd. purchased a new position in shares of Coca-Cola Europacific Partners in the fourth quarter valued at approximately $61,000. Finally, NBC Securities Inc. purchased a new stake in shares of Coca-Cola Europacific Partners during the third quarter worth approximately $73,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Down 0.2 %

NASDAQ:CCEP opened at $67.74 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 1.27. Coca-Cola Europacific Partners PLC has a 1 year low of $56.28 and a 1 year high of $72.67. The stock has a 50-day simple moving average of $69.36 and a 200-day simple moving average of $65.11.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last issued its quarterly earnings data on Friday, February 23rd. The company reported $1.85 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.85. On average, equities analysts forecast that Coca-Cola Europacific Partners PLC will post 4.18 earnings per share for the current year.

Wall Street Analyst Weigh In

Several analysts recently issued reports on CCEP shares. Barclays upped their price objective on shares of Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. Deutsche Bank Aktiengesellschaft lifted their price objective on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. BNP Paribas upgraded shares of Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price objective for the company in a research report on Friday, January 12th. StockNews.com raised shares of Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Finally, Argus raised their price target on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. One analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and an average price target of $74.02.

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.