Coca-Cola Europacific Partners $CCEP Shares Sold by Barclays PLC

Barclays PLC cut its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 32.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,011,794 shares of the company’s stock after selling 484,446 shares during the quarter. Barclays PLC owned 0.22% of Coca-Cola Europacific Partners worth $91,476,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in CCEP. Orion Porfolio Solutions LLC boosted its position in Coca-Cola Europacific Partners by 16.2% in the 3rd quarter. Orion Porfolio Solutions LLC now owns 14,388 shares of the company’s stock valued at $1,301,000 after buying an additional 2,005 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of Coca-Cola Europacific Partners by 3.2% during the third quarter. Dimensional Fund Advisors LP now owns 54,362 shares of the company’s stock worth $4,911,000 after acquiring an additional 1,698 shares during the last quarter. Picton Mahoney Asset Management purchased a new stake in shares of Coca-Cola Europacific Partners during the third quarter worth about $730,000. CI Investments Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 3.9% in the third quarter. CI Investments Inc. now owns 284,991 shares of the company’s stock worth $25,766,000 after acquiring an additional 10,601 shares in the last quarter. Finally, Rafferty Asset Management LLC lifted its stake in shares of Coca-Cola Europacific Partners by 7.0% in the third quarter. Rafferty Asset Management LLC now owns 136,121 shares of the company’s stock worth $12,307,000 after acquiring an additional 8,881 shares in the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group raised their price objective on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Barclays upped their target price on Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Bank of America reissued a “neutral” rating and set a $96.00 price target (down from $102.00) on shares of Coca-Cola Europacific Partners in a research report on Wednesday, January 14th. Evercore restated an “outperform” rating and issued a $112.00 price target on shares of Coca-Cola Europacific Partners in a research note on Wednesday, February 18th. Finally, Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a report on Tuesday, January 27th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $107.71.

Coca-Cola Europacific Partners Trading Down 1.4%

Coca-Cola Europacific Partners stock opened at $100.22 on Monday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.60 and a current ratio of 0.80. Coca-Cola Europacific Partners has a one year low of $80.70 and a one year high of $110.90. The company has a 50-day simple moving average of $95.58 and a 200-day simple moving average of $91.96.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.