Prudential PLC Trims Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Prudential PLC reduced its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 21.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,279 shares of the company’s stock after selling 12,530 shares during the quarter. Prudential PLC’s holdings in Coca-Cola Europacific Partners were worth $3,478,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new position in shares of Coca-Cola Europacific Partners in the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB boosted its stake in Coca-Cola Europacific Partners by 85.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after purchasing an additional 197 shares during the period. Summit Securities Group LLC purchased a new position in Coca-Cola Europacific Partners during the 4th quarter valued at about $34,000. Whipplewood Advisors LLC bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter valued at about $52,000. Finally, Blue Trust Inc. boosted its position in shares of Coca-Cola Europacific Partners by 16.2% in the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock valued at $94,000 after acquiring an additional 166 shares during the period. 31.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on the stock. UBS Group increased 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. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Barclays upped their target price on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, March 27th. Evercore ISI lifted their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. 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 equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock opened at $83.93 on Friday. 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 fifty day moving average of $83.77 and a 200 day moving average of $79.54. The firm has a market capitalization of $38.69 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 4.89 and a beta of 0.73. Coca-Cola Europacific Partners PLC has a 52 week low of $65.94 and a 52 week high of $91.29.

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.