Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp reduced its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 3.0% during the 4th quarter, Holdings Channel reports. The institutional investor owned 105,576 shares of the company’s stock after selling 3,285 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Coca-Cola Europacific Partners were worth $8,109,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of CCEP. Cibc World Markets Corp raised its stake in shares of Coca-Cola Europacific Partners by 1.4% in the 4th quarter. Cibc World Markets Corp now owns 10,200 shares of the company’s stock valued at $783,000 after acquiring an additional 139 shares during the period. TIAA Trust National Association increased its holdings in Coca-Cola Europacific Partners by 4.4% in the 4th quarter. TIAA Trust National Association now owns 3,420 shares of the company’s stock valued at $263,000 after purchasing an additional 145 shares during the last quarter. Moody Lynn & Lieberson LLC raised its position in Coca-Cola Europacific Partners by 5.0% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company’s stock valued at $242,000 after purchasing an additional 150 shares during the period. Blue Trust Inc. lifted its stake in Coca-Cola Europacific Partners by 16.2% during the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock worth $94,000 after purchasing an additional 166 shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. boosted its position in shares of Coca-Cola Europacific Partners by 4.7% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 3,855 shares of the company’s stock worth $296,000 after buying an additional 172 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Up 0.0 %

NASDAQ CCEP opened at $86.30 on Friday. Coca-Cola Europacific Partners PLC has a 52 week low of $65.94 and a 52 week high of $88.39. The firm has a 50 day moving average of $82.76 and a two-hundred day moving average of $79.33. 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 stock has a market capitalization of $39.78 billion, a PE ratio of 17.76, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Evercore ISI boosted their price objective 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. Sanford C. Bernstein initiated coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target on the stock. Barclays raised 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. UBS Group upped their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Finally, Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Coca-Cola Europacific Partners Profile

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.