Gulf International Bank UK Ltd Sells 177 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Gulf International Bank UK Ltd decreased its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 15,511 shares of the company’s stock after selling 177 shares during the quarter. Gulf International Bank UK Ltd’s holdings in Coca-Cola Europacific Partners were worth $1,191,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB grew its stake in shares of Coca-Cola Europacific Partners by 85.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock valued at $33,000 after buying an additional 197 shares during the last quarter. Plato Investment Management Ltd bought a new position in shares of Coca-Cola Europacific Partners during the third quarter valued at approximately $50,000. Whipplewood Advisors LLC bought a new position in shares of Coca-Cola Europacific Partners during the fourth quarter valued at approximately $52,000. Brown Brothers Harriman & Co. grew its stake in shares of Coca-Cola Europacific Partners by 1,604.0% during the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock valued at $67,000 after buying an additional 802 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of Coca-Cola Europacific Partners by 16.2% during the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock valued at $94,000 after buying an additional 166 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Evercore ISI boosted their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. UBS Group boosted their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Finally, Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price target for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and an average target price of $85.00.

Coca-Cola Europacific Partners Stock Up 0.2 %

Coca-Cola Europacific Partners stock opened at $86.26 on Friday. The business has a fifty day moving average of $79.35 and a two-hundred day moving average of $78.59. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm has a market cap of $39.76 billion, a P/E ratio of 17.75, a P/E/G ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a twelve month low of $65.94 and a twelve month high of $88.39.

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.