Coca-Cola Europacific Partners $CCEP Position Reduced by WINTON GROUP Ltd

WINTON GROUP Ltd trimmed its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 72.9% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,300 shares of the company’s stock after selling 22,361 shares during the period. WINTON GROUP Ltd’s holdings in Coca-Cola Europacific Partners were worth $831,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of CCEP. California State Teachers Retirement System raised its stake in shares of Coca-Cola Europacific Partners by 8,692.1% in the 2nd quarter. California State Teachers Retirement System now owns 17,141,791 shares of the company’s stock worth $1,715,379,000 after buying an additional 16,946,824 shares in the last quarter. Norges Bank bought a new position in Coca-Cola Europacific Partners during the fourth quarter valued at about $363,294,000. Amundi boosted its stake in Coca-Cola Europacific Partners by 13.4% during the first quarter. Amundi now owns 3,399,052 shares of the company’s stock valued at $308,192,000 after buying an additional 401,683 shares in the last quarter. Bank of America Corp DE grew its holdings in Coca-Cola Europacific Partners by 0.6% during the first quarter. Bank of America Corp DE now owns 2,692,575 shares of the company’s stock worth $244,136,000 after acquiring an additional 17,036 shares during the period. Finally, Bessemer Group Inc. grew its holdings in Coca-Cola Europacific Partners by 14.5% during the first quarter. Bessemer Group Inc. now owns 2,289,254 shares of the company’s stock worth $207,568,000 after acquiring an additional 289,080 shares during the period. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

CCEP has been the subject of a number of research analyst reports. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $92.00 price target on shares of Coca-Cola Europacific Partners in a report on Friday, September 4th. Sanford C. Bernstein reaffirmed a “market perform” rating and issued a $106.00 price objective on shares of Coca-Cola Europacific Partners in a research note on Wednesday, August 5th. UBS Group downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $109.00 to $107.00 in a report on Thursday, August 13th. Wells Fargo & Company increased their target price on shares of Coca-Cola Europacific Partners from $115.00 to $120.00 and gave the company an “overweight” rating in a research note on Monday, August 3rd. Finally, Weiss Ratings cut shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Thursday. Seven research analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $108.44.

Coca-Cola Europacific Partners Stock Up 1.8%

CCEP stock opened at $104.67 on Tuesday. Coca-Cola Europacific Partners has a one year low of $84.65 and a one year high of $113.67. The firm has a 50-day moving average of $106.95 and a two-hundred day moving average of $100.43. The company has a quick ratio of 0.68, a current ratio of 0.89 and a debt-to-equity ratio of 1.20.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners plc (NASDAQ: CCEP) is a major Coca-Cola bottling partner that manufactures, markets, sells and distributes a broad portfolio of beverages. Its products include Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Powerade, Fuze Tea, smartwater, Costa Coffee and Monster Energy, among other brands.

The company serves customers across a broad geographic territory spanning Europe and the Asia-Pacific region. Its markets include Great Britain, Germany, Spain, Portugal, France, Belgium, the Netherlands, Norway, Sweden, Iceland and Switzerland, as well as Australia, New Zealand, Indonesia and selected Pacific island markets.