Private Management Group Inc. Sells 26,132 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Private Management Group Inc. decreased its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 7.3% in the 4th quarter, HoldingsChannel reports. The firm owned 330,187 shares of the company’s stock after selling 26,132 shares during the quarter. Private Management Group Inc.’s holdings in Coca-Cola Europacific Partners were worth $22,037,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CCEP. Yousif Capital Management LLC boosted its stake in Coca-Cola Europacific Partners by 11.2% in the fourth quarter. Yousif Capital Management LLC now owns 10,163 shares of the company’s stock valued at $678,000 after buying an additional 1,025 shares in the last quarter. Cumberland Partners Ltd boosted its stake in shares of Coca-Cola Europacific Partners by 53.8% in the 4th quarter. Cumberland Partners Ltd now owns 10,000 shares of the company’s stock valued at $667,000 after purchasing an additional 3,500 shares in the last quarter. GAMMA Investing LLC bought a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter valued at approximately $28,000. Handelsbanken Fonder AB increased its position in Coca-Cola Europacific Partners by 145.6% during the 4th quarter. Handelsbanken Fonder AB now owns 141,262 shares of the company’s stock worth $9,429,000 after purchasing an additional 83,749 shares in the last quarter. Finally, Verdence Capital Advisors LLC boosted its position in Coca-Cola Europacific Partners by 2.6% in the fourth quarter. Verdence Capital Advisors LLC now owns 8,945 shares of the company’s stock valued at $597,000 after buying an additional 230 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CCEP has been the subject of several research analyst reports. BNP Paribas upgraded shares of Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price target for the company in a report on Friday, January 12th. Barclays lifted their price target on 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. UBS Group raised their price objective on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a report on Monday, February 26th. Argus upped their price target 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. 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 equities research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $74.02.

Coca-Cola Europacific Partners Trading Up 0.0 %

NASDAQ CCEP traded up $0.03 during trading hours on Tuesday, hitting $69.13. 1,187,206 shares of the company’s stock were exchanged, compared to its average volume of 1,527,634. The firm has a market cap of $31.58 billion, a price-to-earnings ratio of 15.09, a PEG ratio of 3.13 and a beta of 0.84. The stock has a 50-day simple moving average of $69.39 and a 200 day simple moving average of $65.49. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27. Coca-Cola Europacific Partners PLC has a 1-year low of $56.28 and a 1-year high of $72.67.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last announced its quarterly earnings data on Friday, February 23rd. The company reported $1.85 EPS for the quarter, hitting the consensus estimate of $1.85. On average, equities analysts forecast 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.