State of New Jersey Common Pension Fund D Sells 40,438 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

State of New Jersey Common Pension Fund D trimmed its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 32.4% during the 2nd quarter, HoldingsChannel reports. The firm owned 84,465 shares of the company’s stock after selling 40,438 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Coca-Cola Europacific Partners were worth $6,155,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in CCEP. Norges Bank bought a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $68,360,000. Point72 Asset Management L.P. increased its holdings in shares of Coca-Cola Europacific Partners by 89.3% in the fourth quarter. Point72 Asset Management L.P. now owns 2,156,056 shares of the company’s stock worth $143,895,000 after purchasing an additional 1,017,278 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Coca-Cola Europacific Partners in the first quarter worth about $47,839,000. Public Sector Pension Investment Board increased its holdings in shares of Coca-Cola Europacific Partners by 800.5% in the fourth quarter. Public Sector Pension Investment Board now owns 663,146 shares of the company’s stock worth $44,258,000 after purchasing an additional 589,500 shares during the last quarter. Finally, First Trust Advisors LP increased its holdings in shares of Coca-Cola Europacific Partners by 1,735.9% in the fourth quarter. First Trust Advisors LP now owns 456,425 shares of the company’s stock worth $30,462,000 after purchasing an additional 431,564 shares during the last quarter. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ CCEP opened at $81.54 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12. The business’s 50 day moving average price is $76.23 and its 200-day moving average price is $73.36. Coca-Cola Europacific Partners PLC has a fifty-two week low of $56.28 and a fifty-two week high of $82.14.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Barclays lifted their target price on Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. StockNews.com downgraded Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Sunday, May 19th. Bank of America upped their price objective on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. BNP Paribas downgraded Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a research report on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $79.78.

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.