Corebridge Financial Inc. Reduces Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Corebridge Financial Inc. cut its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 90,358 shares of the company’s stock after selling 1,082 shares during the quarter. Corebridge Financial Inc.’s holdings in Coca-Cola Europacific Partners were worth $6,940,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in CCEP. LPL Financial LLC raised its position in Coca-Cola Europacific Partners by 28.1% during the fourth quarter. LPL Financial LLC now owns 117,700 shares of the company’s stock worth $9,041,000 after acquiring an additional 25,840 shares during the last quarter. KLP Kapitalforvaltning AS acquired a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth approximately $12,005,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in Coca-Cola Europacific Partners by 0.9% in the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 57,768 shares of the company’s stock valued at $4,437,000 after buying an additional 528 shares in the last quarter. Royal London Asset Management Ltd. grew its holdings in Coca-Cola Europacific Partners by 8.2% during the 4th quarter. Royal London Asset Management Ltd. now owns 207,797 shares of the company’s stock valued at $15,961,000 after buying an additional 15,709 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd raised its holdings in shares of Coca-Cola Europacific Partners by 28.0% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 27,144 shares of the company’s stock worth $2,085,000 after acquiring an additional 5,942 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

CCEP has been the topic of a number of analyst reports. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. UBS Group lifted their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Barclays upped their price objective on shares of Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an “overweight” rating in a research note on Thursday. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Finally, Evercore ISI boosted their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Coca-Cola Europacific Partners Stock Up 0.0 %

Shares of NASDAQ CCEP opened at $86.30 on Friday. The stock has a market capitalization of $39.78 billion, a PE ratio of 17.76, a P/E/G ratio of 4.89 and a beta of 0.91. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm has a fifty day moving average of $82.76 and a 200-day moving average of $79.33. Coca-Cola Europacific Partners PLC has a 52-week low of $65.94 and a 52-week high of $88.39.

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.