PGGM Investments Has $4.46 Million Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

PGGM Investments cut its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 68.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 63,819 shares of the company’s stock after selling 138,479 shares during the period. PGGM Investments’ holdings in Coca-Cola Europacific Partners were worth $4,464,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Norges Bank bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth $68,360,000. Point72 Asset Management L.P. increased its position in shares of Coca-Cola Europacific Partners by 89.3% during the fourth quarter. Point72 Asset Management L.P. now owns 2,156,056 shares of the company’s stock worth $143,895,000 after acquiring an additional 1,017,278 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Coca-Cola Europacific Partners during the first quarter worth $47,839,000. Public Sector Pension Investment Board grew its position in Coca-Cola Europacific Partners by 800.5% in the fourth quarter. Public Sector Pension Investment Board now owns 663,146 shares of the company’s stock valued at $44,258,000 after purchasing an additional 589,500 shares in the last quarter. Finally, First Trust Advisors LP grew its position in Coca-Cola Europacific Partners by 1,735.9% in the fourth quarter. First Trust Advisors LP now owns 456,425 shares of the company’s stock valued at $30,462,000 after purchasing an additional 431,564 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Trading Up 1.2 %

CCEP stock traded up $0.87 during trading hours on Friday, reaching $75.06. The stock had a trading volume of 2,404,264 shares, compared to its average volume of 1,210,212. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.72 and a current ratio of 0.91. The stock has a 50-day simple moving average of $73.67 and a 200 day simple moving average of $71.22. Coca-Cola Europacific Partners PLC has a fifty-two week low of $56.28 and a fifty-two week high of $76.44.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CCEP shares. Barclays decreased their target price on shares of Coca-Cola Europacific Partners from $84.00 to $82.00 and set an “overweight” rating for the company in a research report on Friday, July 19th. StockNews.com downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Sunday, May 19th. Finally, Bank of America raised their target price on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. One analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $76.80.

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.