abrdn plc Decreases Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

abrdn plc lessened its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 9.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 336,025 shares of the company’s stock after selling 34,719 shares during the quarter. abrdn plc owned about 0.07% of Coca-Cola Europacific Partners worth $22,426,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Federated Hermes Inc. increased its holdings in Coca-Cola Europacific Partners by 21.3% in the 4th quarter. Federated Hermes Inc. now owns 447,994 shares of the company’s stock worth $29,899,000 after buying an additional 78,801 shares during the period. Daiwa Securities Group Inc. increased its holdings in Coca-Cola Europacific Partners by 56.1% in the 4th quarter. Daiwa Securities Group Inc. now owns 34,140 shares of the company’s stock worth $2,279,000 after buying an additional 12,271 shares during the period. Beverly Hills Private Wealth LLC increased its holdings in Coca-Cola Europacific Partners by 9.0% in the 4th quarter. Beverly Hills Private Wealth LLC now owns 16,098 shares of the company’s stock worth $1,074,000 after buying an additional 1,334 shares during the period. Vontobel Holding Ltd. increased its holdings in Coca-Cola Europacific Partners by 1.0% in the 4th quarter. Vontobel Holding Ltd. now owns 33,938 shares of the company’s stock worth $2,267,000 after buying an additional 324 shares during the period. Finally, Silchester International Investors LLP acquired a new position in Coca-Cola Europacific Partners in the 4th quarter worth approximately $3,678,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock opened at $69.13 on Wednesday. The company’s fifty day moving average price is $69.39 and its 200 day moving average price is $65.49. Coca-Cola Europacific Partners PLC has a 1 year low of $56.28 and a 1 year high of $72.67. The stock has a market capitalization of $31.58 billion, a P/E ratio of 15.09, a P/E/G ratio of 3.13 and a beta of 0.84. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.72 and a current ratio of 0.91.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last announced its quarterly earnings data on Friday, February 23rd. The company reported $1.85 earnings per share for the quarter, meeting analysts’ consensus estimates of $1.85. As a group, equities research analysts anticipate that Coca-Cola Europacific Partners PLC will post 4.18 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CCEP shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. BNP Paribas raised shares of Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price objective on the stock in a research note on Friday, January 12th. UBS Group raised their price objective on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. StockNews.com raised shares of Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Finally, Argus raised their price objective on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Coca-Cola Europacific Partners currently has an average rating of “Moderate Buy” and a consensus target price of $74.02.

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.