Private Management Group Inc. Trims Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Private Management Group Inc. decreased its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 7.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 330,187 shares of the company’s stock after selling 26,132 shares during the period. Private Management Group Inc. owned 0.07% of Coca-Cola Europacific Partners worth $22,037,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. AustralianSuper Pty Ltd purchased a new position in Coca-Cola Europacific Partners in the 4th quarter valued at about $1,467,000. Pacer Advisors Inc. boosted its position in Coca-Cola Europacific Partners by 1,120.3% during the fourth quarter. Pacer Advisors Inc. now owns 23,332 shares of the company’s stock worth $1,557,000 after acquiring an additional 21,420 shares during the last quarter. Envestnet Portfolio Solutions Inc. purchased a new stake in Coca-Cola Europacific Partners in the 3rd quarter worth approximately $685,000. Korea Investment CORP raised its holdings in Coca-Cola Europacific Partners by 4.1% in the 3rd quarter. Korea Investment CORP now owns 252,644 shares of the company’s stock valued at $15,843,000 after acquiring an additional 9,893 shares during the last quarter. Finally, International Assets Investment Management LLC purchased a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth $5,876,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Up 0.0 %

Coca-Cola Europacific Partners stock traded up $0.03 during midday trading on Tuesday, hitting $69.13. 1,187,206 shares of the company were exchanged, compared to its average volume of 1,527,634. 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 fifty-two week low of $56.28 and a fifty-two week high of $72.67. The company’s fifty day moving average price is $69.39 and its 200-day moving average price is $65.49. The company has a market cap of $31.58 billion, a PE ratio of 15.09, a price-to-earnings-growth ratio of 3.13 and a beta of 0.84.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the stock. BNP Paribas upgraded shares of Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 target price for the company in a report on Friday, January 12th. 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 report on Thursday, March 28th. UBS Group boosted their price target 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. Barclays upped their price target on Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. Finally, Argus lifted their price objective on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus 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.