Bleakley Financial Group LLC Lowers Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Bleakley Financial Group LLC decreased its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.6% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,422 shares of the company’s stock after selling 150 shares during the period. Bleakley Financial Group LLC’s holdings in Coca-Cola Europacific Partners were worth $629,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in CCEP. BlackRock Inc. increased its holdings in shares of Coca-Cola Europacific Partners by 5.0% during the first quarter. BlackRock Inc. now owns 14,447,992 shares of the company’s stock valued at $702,316,000 after acquiring an additional 685,745 shares in the last quarter. FMR LLC increased its stake in Coca-Cola Europacific Partners by 3.7% during the 3rd quarter. FMR LLC now owns 6,359,772 shares of the company’s stock valued at $397,359,000 after purchasing an additional 225,744 shares in the last quarter. State Street Corp raised its holdings in Coca-Cola Europacific Partners by 0.5% in the first quarter. State Street Corp now owns 4,609,815 shares of the company’s stock worth $272,855,000 after buying an additional 21,053 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of Coca-Cola Europacific Partners by 20.0% in the first quarter. Wellington Management Group LLP now owns 3,865,724 shares of the company’s stock worth $187,912,000 after buying an additional 643,635 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Coca-Cola Europacific Partners by 8.4% during the first quarter. Arrowstreet Capital Limited Partnership now owns 3,055,875 shares of the company’s stock valued at $180,859,000 after buying an additional 237,392 shares during the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

NASDAQ CCEP opened at $67.74 on Friday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72. Coca-Cola Europacific Partners PLC has a 12 month low of $56.28 and a 12 month high of $72.67. The stock’s 50 day moving average is $69.36 and its 200 day moving average is $65.11.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last announced its quarterly earnings results on Friday, February 23rd. The company reported $1.85 EPS for the quarter, hitting the consensus estimate of $1.85. On average, research analysts expect that Coca-Cola Europacific Partners PLC will post 4.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CCEP has been the subject of a number of research analyst reports. StockNews.com raised Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a report on Monday, February 26th. BNP Paribas upgraded shares of Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price target for the company in a research note on Friday, January 12th. UBS Group increased their price objective on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Argus increased their price target on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Finally, Barclays upped their price objective on Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, February 27th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $74.02.

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.