Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd reduced its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 57.2% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 5,706 shares of the company’s stock after selling 7,623 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Coca-Cola Europacific Partners were worth $438,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of CCEP. Amundi increased its stake in shares of Coca-Cola Europacific Partners by 2.9% during the fourth quarter. Amundi now owns 3,078,851 shares of the company’s stock worth $233,716,000 after acquiring an additional 87,675 shares during the period. JPMorgan Chase & Co. increased its position in Coca-Cola Europacific Partners by 43.3% during the 4th quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company’s stock worth $221,835,000 after purchasing an additional 872,060 shares during the period. Norges Bank purchased a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth approximately $190,999,000. Geode Capital Management LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 4.0% in the 4th quarter. Geode Capital Management LLC now owns 2,130,501 shares of the company’s stock valued at $162,748,000 after buying an additional 82,325 shares during the period. Finally, Franklin Resources Inc. boosted its stake in shares of Coca-Cola Europacific Partners by 15.9% in the fourth quarter. Franklin Resources Inc. now owns 762,977 shares of the company’s stock valued at $58,604,000 after buying an additional 104,423 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

CCEP stock opened at $81.84 on Wednesday. The stock’s 50 day moving average price is $84.02 and its 200 day moving average price is $79.57. The firm has a market cap of $37.72 billion, a P/E ratio of 16.84, a PEG ratio of 4.89 and a beta of 0.73. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. Coca-Cola Europacific Partners PLC has a 1 year low of $65.94 and a 1 year high of $91.29.

Analysts Set New Price Targets

Several research analysts have issued reports on CCEP shares. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. Barclays boosted their price objective on shares of Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. Evercore ISI upped their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Finally, UBS Group lifted their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $87.00.

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.