Mackenzie Financial Corp Sells 120,639 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Mackenzie Financial Corp reduced its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 28.9% in the 4th quarter, HoldingsChannel.com reports. The firm owned 297,432 shares of the company’s stock after selling 120,639 shares during the quarter. Mackenzie Financial Corp’s holdings in Coca-Cola Europacific Partners were worth $19,851,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in the business. AustralianSuper Pty Ltd acquired a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at $1,467,000. Pacer Advisors Inc. boosted its holdings in Coca-Cola Europacific Partners by 1,120.3% during the fourth quarter. Pacer Advisors Inc. now owns 23,332 shares of the company’s stock worth $1,557,000 after buying an additional 21,420 shares during the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in Coca-Cola Europacific Partners during the third quarter worth about $685,000. Korea Investment CORP grew its position in shares of Coca-Cola Europacific Partners by 4.1% during the 3rd quarter. Korea Investment CORP now owns 252,644 shares of the company’s stock worth $15,843,000 after buying an additional 9,893 shares during the period. Finally, International Assets Investment Management LLC bought a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at about $5,876,000. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CCEP shares. Barclays lifted their price objective on shares of Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a report on Thursday, March 28th. Argus upped their price objective on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. UBS Group boosted their target price on 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. Finally, StockNews.com raised Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. One equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $74.02.

Coca-Cola Europacific Partners Price Performance

Shares of Coca-Cola Europacific Partners stock opened at $66.60 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.72 and a current ratio of 0.91. The stock’s 50-day moving average is $69.29 and its 200-day moving average is $65.23. Coca-Cola Europacific Partners PLC has a one year low of $56.28 and a one year high of $72.67.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last released its earnings results on Friday, February 23rd. The company reported $1.85 EPS for the quarter, meeting the consensus estimate of $1.85. Research analysts anticipate that Coca-Cola Europacific Partners PLC will post 4.18 earnings per share for the current year.

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.