Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC reduced its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 18.0% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 1,861,630 shares of the company’s stock after selling 408,233 shares during the period. Barrow Hanley Mewhinney & Strauss LLC owned 0.41% of Coca-Cola Europacific Partners worth $135,657,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CCEP. FIL Ltd grew its position in Coca-Cola Europacific Partners by 9.6% during the 4th quarter. FIL Ltd now owns 3,629,675 shares of the company’s stock worth $242,245,000 after purchasing an additional 317,936 shares during the last quarter. Point72 Asset Management L.P. increased its position in Coca-Cola Europacific Partners by 89.3% in the 4th quarter. Point72 Asset Management L.P. now owns 2,156,056 shares of the company’s stock valued at $143,895,000 after acquiring an additional 1,017,278 shares during the period. Fiduciary Management Inc. WI raised its stake in Coca-Cola Europacific Partners by 25.8% during the 4th quarter. Fiduciary Management Inc. WI now owns 1,785,320 shares of the company’s stock valued at $119,152,000 after acquiring an additional 365,820 shares during the last quarter. Wells Fargo & Company MN lifted its position in Coca-Cola Europacific Partners by 1.2% during the 4th quarter. Wells Fargo & Company MN now owns 1,066,631 shares of the company’s stock worth $71,187,000 after acquiring an additional 12,679 shares during the period. Finally, Norges Bank purchased a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at approximately $68,360,000. 31.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the company. Barclays upped their price target on Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Bank of America raised their target price on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a “buy” rating in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Finally, BNP Paribas cut Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price on the stock. in a research report on Tuesday, September 10th. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $79.78.

Coca-Cola Europacific Partners Stock Performance

CCEP opened at $81.09 on Friday. The stock’s 50 day simple moving average is $77.02 and its 200 day simple moving average is $73.75. The stock has a market cap of $37.04 billion, a P/E ratio of 17.07, a P/E/G ratio of 3.64 and a beta of 0.90. Coca-Cola Europacific Partners PLC has a 1-year low of $56.28 and a 1-year high of $82.32. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63.

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.