Sanctuary Advisors LLC Sells 11,254 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Sanctuary Advisors LLC lowered its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 35.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,936 shares of the company’s stock after selling 11,254 shares during the period. Sanctuary Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $1,661,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of Coca-Cola Europacific Partners by 307.3% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock valued at $191,984,000 after purchasing an additional 1,839,321 shares during the period. Janus Henderson Group PLC acquired a new stake in Coca-Cola Europacific Partners in the 3rd quarter valued at $52,364,000. SG Americas Securities LLC grew its position in Coca-Cola Europacific Partners by 120.8% in the fourth quarter. SG Americas Securities LLC now owns 433,121 shares of the company’s stock valued at $33,268,000 after acquiring an additional 236,917 shares during the period. Generate Investment Management Ltd bought a new position in shares of Coca-Cola Europacific Partners during the fourth quarter valued at $14,195,000. Finally, Verde Servicos Internacionais S.A. bought a new position in shares of Coca-Cola Europacific Partners during the fourth quarter valued at $14,124,000. Institutional investors own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

CCEP has been the subject of a number of recent analyst reports. 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 report on Thursday, December 12th. Evercore ISI raised their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. Barclays reduced their target price on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a report on Friday, January 17th. Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target for the company. Finally, Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $85.00.

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $87.20 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. Coca-Cola Europacific Partners PLC has a twelve month low of $65.94 and a twelve month high of $88.39. The business has a fifty day moving average of $78.48 and a 200-day moving average of $78.27.

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.