Allspring Global Investments Holdings LLC Sells 6,681 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Allspring Global Investments Holdings LLC cut its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 4.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 160,228 shares of the company’s stock after selling 6,681 shares during the period. Allspring Global Investments Holdings LLC’s holdings in Coca-Cola Europacific Partners were worth $12,265,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA raised its position in Coca-Cola Europacific Partners by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company’s stock worth $217,191,000 after acquiring an additional 32,776 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in shares of 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 valued at $191,984,000 after purchasing an additional 1,839,321 shares during the period. Geode Capital Management LLC raised its position in shares of Coca-Cola Europacific Partners by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock valued at $160,138,000 after purchasing an additional 58,247 shares during the period. Janus Henderson Group PLC bought a new stake in shares of Coca-Cola Europacific Partners during the 3rd quarter valued at $52,364,000. Finally, Citigroup Inc. raised its position in shares of Coca-Cola Europacific Partners by 9.8% during the 3rd quarter. Citigroup Inc. now owns 630,779 shares of the company’s stock valued at $49,674,000 after purchasing an additional 56,551 shares during the period. 31.35% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CCEP shares. Sanford C. Bernstein started coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price for the company. Evercore ISI raised their target price on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Barclays dropped their price objective on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their price objective for the stock from $85.00 to $82.00 in a research note on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $84.11.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP opened at $84.90 on Tuesday. Coca-Cola Europacific Partners PLC has a 1-year low of $65.94 and a 1-year high of $85.61. The company has a 50-day moving average of $77.54 and a 200 day moving average of $77.72. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12.

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.