Ninety One North America Inc. Sells 33,636 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Ninety One North America Inc. decreased its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 15.2% in the fourth quarter, Holdings Channel.com reports. The firm owned 188,205 shares of the company’s stock after selling 33,636 shares during the quarter. Ninety One North America Inc.’s holdings in Coca-Cola Europacific Partners were worth $12,561,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. KB Financial Partners LLC purchased a new stake in shares of Coca-Cola Europacific Partners in the first quarter worth $33,000. Global Retirement Partners LLC grew its stake in shares of Coca-Cola Europacific Partners by 97.5% in the third quarter. Global Retirement Partners LLC now owns 644 shares of the company’s stock worth $39,000 after acquiring an additional 318 shares during the last quarter. Neo Ivy Capital Management purchased a new stake in shares of Coca-Cola Europacific Partners in the second quarter worth $40,000. China Universal Asset Management Co. Ltd. purchased a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth $61,000. Finally, NBC Securities Inc. purchased a new stake in shares of Coca-Cola Europacific Partners in the third quarter worth $73,000. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP traded up $0.01 on Thursday, hitting $66.36. The stock had a trading volume of 288,596 shares, compared to its average volume of 1,519,032. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27. The business’s 50-day simple moving average is $69.30 and its two-hundred day simple moving average is $65.22. Coca-Cola Europacific Partners PLC has a 52-week low of $56.28 and a 52-week high of $72.67.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last announced its earnings results on Friday, February 23rd. The company reported $1.85 earnings per share (EPS) for the quarter, hitting the consensus estimate of $1.85. Sell-side analysts predict that Coca-Cola Europacific Partners PLC will post 4.18 earnings per share for the current year.

Wall Street Analysts Forecast Growth

CCEP has been the topic of a number of recent research reports. Deutsche Bank Aktiengesellschaft increased their target price on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. StockNews.com raised Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. Argus increased their price objective on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Barclays increased 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. Finally, UBS Group increased their price objective on 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. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $74.02.

Coca-Cola Europacific Partners Company 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.