Massachusetts Financial Services Co. MA Decreases Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Massachusetts Financial Services Co. MA trimmed its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 0.3% in the 4th quarter, HoldingsChannel reports. The firm owned 2,750,465 shares of the company’s stock after selling 7,511 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Coca-Cola Europacific Partners were worth $211,263,000 as of its most recent SEC filing.

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

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP opened at $89.82 on Friday. The company’s 50 day simple moving average is $83.63 and its 200-day simple moving average is $79.54. The firm has a market cap of $41.40 billion, a PE ratio of 18.48, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73. Coca-Cola Europacific Partners PLC has a 12-month low of $65.94 and a 12-month high of $91.29. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. UBS Group lifted their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Evercore ISI lifted their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Kepler Capital Markets cut Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Finally, Barclays upped their price target on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, March 27th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target 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.