Natixis Advisors LLC Sells 30,526 Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP)

Natixis Advisors LLC reduced its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 10.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 269,351 shares of the company’s stock after selling 30,526 shares during the quarter. Natixis Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $23,442,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Private Trust Co. NA grew its holdings in shares of Coca-Cola Europacific Partners by 6.0% in the first quarter. Private Trust Co. NA now owns 2,022 shares of the company’s stock worth $176,000 after purchasing an additional 115 shares during the last quarter. BKM Wealth Management LLC grew its stake in Coca-Cola Europacific Partners by 1.6% in the 1st quarter. BKM Wealth Management LLC now owns 7,834 shares of the company’s stock worth $682,000 after acquiring an additional 124 shares in the last quarter. Assetmark Inc. grew its stake in Coca-Cola Europacific Partners by 107.3% in the 1st quarter. Assetmark Inc. now owns 284 shares of the company’s stock worth $25,000 after acquiring an additional 147 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Coca-Cola Europacific Partners by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 53,142 shares of the company’s stock worth $4,087,000 after acquiring an additional 155 shares during the period. Finally, TD Private Client Wealth LLC raised its stake in shares of Coca-Cola Europacific Partners by 1.7% during the first quarter. TD Private Client Wealth LLC now owns 13,379 shares of the company’s stock valued at $1,164,000 after acquiring an additional 220 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

CCEP opened at $97.27 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.62 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners has a 12-month low of $71.49 and a 12-month high of $100.67. The firm has a 50 day moving average of $94.28 and a two-hundred day moving average of $88.08. The firm has a market capitalization of $44.84 billion, a PE ratio of 20.01, a P/E/G ratio of 4.90 and a beta of 0.75.

Wall Street Analysts Forecast Growth

Several research firms have commented on CCEP. UBS Group raised their price objective on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Wall Street Zen lowered Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Finally, Barclays restated an “overweight” rating and issued a $104.00 price objective (up from $101.00) on shares of Coca-Cola Europacific Partners in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and a consensus target price of $90.57.

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.