Simplicity Solutions LLC Cuts Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Simplicity Solutions LLC lowered its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 9,404 shares of the company’s stock after selling 168 shares during the period. Simplicity Solutions LLC’s holdings in Coca-Cola Europacific Partners were worth $628,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CCEP. Private Advisor Group LLC raised its stake in Coca-Cola Europacific Partners by 27.5% during the first quarter. Private Advisor Group LLC now owns 12,218 shares of the company’s stock worth $595,000 after purchasing an additional 2,638 shares during the period. PNC Financial Services Group Inc. raised its stake in shares of Coca-Cola Europacific Partners by 2.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,173 shares of the company’s stock valued at $690,000 after acquiring an additional 277 shares during the period. BlackRock Inc. raised its stake in shares of Coca-Cola Europacific Partners by 5.0% in the 1st quarter. BlackRock Inc. now owns 14,447,992 shares of the company’s stock valued at $702,316,000 after acquiring an additional 685,745 shares during the period. Great West Life Assurance Co. Can purchased a new position in shares of Coca-Cola Europacific Partners in the 1st quarter valued at $10,809,000. Finally, Yousif Capital Management LLC raised its stake in shares of Coca-Cola Europacific Partners by 13.9% in the 1st quarter. Yousif Capital Management LLC now owns 4,954 shares of the company’s stock valued at $241,000 after acquiring an additional 605 shares during the period. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

CCEP has been the topic of a number of research reports. Argus raised their target price on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. BNP Paribas raised shares of Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 target price on the stock in a research note on Friday, January 12th. UBS Group raised their target price on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Barclays raised their target price 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. Finally, 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. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and an average target price of $74.02.

Coca-Cola Europacific Partners Stock Down 0.2 %

Shares of CCEP stock opened at $66.35 on Thursday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72. Coca-Cola Europacific Partners PLC has a 1-year low of $56.28 and a 1-year high of $72.67. The firm has a fifty day moving average of $69.30 and a two-hundred day moving average of $65.22.

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

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.