Teacher Retirement System of Texas Sells 48,846 Shares of Coca-Cola Europacific Partners $CCEP

Teacher Retirement System of Texas lessened its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 22.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 166,586 shares of the company’s stock after selling 48,846 shares during the quarter. Teacher Retirement System of Texas’ holdings in Coca-Cola Europacific Partners were worth $15,446,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in CCEP. Assetmark Inc. boosted its position in shares of Coca-Cola Europacific Partners by 107.3% during the 1st quarter. Assetmark Inc. now owns 284 shares of the company’s stock worth $25,000 after purchasing an additional 147 shares in the last quarter. Cullen Frost Bankers Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 204.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company’s stock worth $32,000 after acquiring an additional 245 shares during the last quarter. HM Payson & Co. acquired a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter worth about $33,000. Motco raised its holdings in shares of Coca-Cola Europacific Partners by 285.7% in the 1st quarter. Motco now owns 405 shares of the company’s stock worth $35,000 after acquiring an additional 300 shares during the last quarter. Finally, Quarry LP raised its holdings in shares of Coca-Cola Europacific Partners by 115.8% in the 1st quarter. Quarry LP now owns 436 shares of the company’s stock worth $38,000 after acquiring an additional 234 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on CCEP shares. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Weiss Ratings restated a “buy (b+)” rating on shares of Coca-Cola Europacific Partners in a report on Wednesday, October 8th. Morgan Stanley lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 7th. Barclays lowered their target price on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Finally, UBS Group increased their price objective on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $92.40.

Coca-Cola Europacific Partners Trading Up 0.4%

NASDAQ:CCEP opened at $91.89 on Wednesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83. The firm has a market cap of $42.36 billion, a price-to-earnings ratio of 17.91, a price-to-earnings-growth ratio of 2.62 and a beta of 0.77. Coca-Cola Europacific Partners has a 52 week low of $73.40 and a 52 week high of $100.67. The firm has a 50-day moving average price of $89.48 and a two-hundred day moving average price of $91.31.

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.