Victory Capital Management Inc. Has $22.08 Million Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Victory Capital Management Inc. trimmed its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 0.1% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 287,494 shares of the company’s stock after selling 242 shares during the period. Victory Capital Management Inc. owned 0.06% of Coca-Cola Europacific Partners worth $22,082,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Coca-Cola Europacific Partners by 307.3% during 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 worth $191,984,000 after acquiring an additional 1,839,321 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of Coca-Cola Europacific Partners during the third quarter worth $52,364,000. SG Americas Securities LLC grew its stake in shares of 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 worth $33,268,000 after purchasing an additional 236,917 shares during the last quarter. Generate Investment Management Ltd acquired a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at $14,195,000. Finally, Verde Servicos Internacionais S.A. acquired a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at $14,124,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Up 3.0 %

Shares of NASDAQ CCEP opened at $83.37 on Wednesday. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm has a market cap of $38.43 billion, a PE ratio of 17.15, a P/E/G ratio of 4.89 and a beta of 0.91. The company’s fifty day simple moving average is $80.43 and its 200 day simple moving average is $78.93. Coca-Cola Europacific Partners PLC has a 12-month low of $65.94 and a 12-month high of $88.39.

Analyst Upgrades and Downgrades

CCEP has been the topic of a number of analyst reports. JPMorgan Chase & Co. lowered Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. UBS Group upped their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Sanford C. Bernstein started coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price for the company. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Finally, Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $86.67.

About Coca-Cola Europacific Partners

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.