Allspring Global Investments Holdings LLC Has $14.61 Million Holdings in Coca-Cola Europacific Partners $CCEP

Allspring Global Investments Holdings LLC cut its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 3.8% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 156,854 shares of the company’s stock after selling 6,224 shares during the quarter. Allspring Global Investments Holdings LLC’s holdings in Coca-Cola Europacific Partners were worth $14,614,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. 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 valued at $25,000 after buying an additional 147 shares during the last quarter. Cullen Frost Bankers Inc. grew its stake in Coca-Cola Europacific Partners by 204.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company’s stock valued at $32,000 after buying an additional 245 shares during the last quarter. HM Payson & Co. bought a new stake in Coca-Cola Europacific Partners in the 1st quarter valued at $33,000. Motco boosted its holdings in Coca-Cola Europacific Partners by 285.7% in the 1st quarter. Motco now owns 405 shares of the company’s stock valued at $35,000 after purchasing an additional 300 shares during the period. Finally, Quarry LP boosted its holdings in Coca-Cola Europacific Partners by 115.8% in the 1st quarter. Quarry LP now owns 436 shares of the company’s stock valued at $38,000 after purchasing an additional 234 shares during the period. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the stock. Wall Street Zen downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Morgan Stanley downgraded shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. UBS Group increased their price target on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a “buy” rating in a report on Wednesday, July 2nd. Finally, Barclays reduced their price target on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $92.40.

Coca-Cola Europacific Partners Price Performance

NASDAQ:CCEP opened at $90.54 on Friday. The company has a 50-day moving average of $89.48 and a 200-day moving average of $90.89. The company has a market capitalization of $41.73 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 2.55 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 company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83.

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.