Louisiana State Employees Retirement System Sells 1,400 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Louisiana State Employees Retirement System cut its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 4.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 33,600 shares of the company’s stock after selling 1,400 shares during the period. Louisiana State Employees Retirement System’s holdings in Coca-Cola Europacific Partners were worth $2,581,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. Compound Global Advisors LLC bought a new stake in Coca-Cola Europacific Partners during the 4th quarter worth approximately $307,000. Savant Capital LLC boosted its position in Coca-Cola Europacific Partners by 6.7% in the 4th quarter. Savant Capital LLC now owns 6,816 shares of the company’s stock valued at $524,000 after buying an additional 429 shares during the last quarter. Washburn Capital Management Inc. bought a new position in Coca-Cola Europacific Partners in the 4th quarter valued at $207,000. Apollon Wealth Management LLC boosted its position in Coca-Cola Europacific Partners by 8.5% in the 4th quarter. Apollon Wealth Management LLC now owns 2,911 shares of the company’s stock valued at $224,000 after buying an additional 228 shares during the last quarter. Finally, Exane Asset Management boosted its position in Coca-Cola Europacific Partners by 8.1% in the 4th quarter. Exane Asset Management now owns 204,120 shares of the company’s stock valued at $15,852,000 after buying an additional 15,259 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. UBS Group increased their price objective on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Barclays decreased their price objective on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a research report on Friday, January 17th. Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price objective on the stock. JPMorgan Chase & Co. lowered Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. Finally, Evercore ISI increased their price target on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Four research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and a consensus target price of $84.11.

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $82.71 on Friday. Coca-Cola Europacific Partners PLC has a twelve month low of $65.83 and a twelve month high of $82.95. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. The business’s fifty day moving average is $77.31 and its 200-day moving average is $77.55.

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.