Orion Portfolio Solutions LLC Sells 14,363 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Orion Portfolio Solutions LLC lowered its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 60.9% in the 4th quarter, Holdings Channel.com reports. The fund owned 9,219 shares of the company’s stock after selling 14,363 shares during the quarter. Orion Portfolio Solutions LLC’s holdings in Coca-Cola Europacific Partners were worth $708,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Amundi increased its holdings in shares of Coca-Cola Europacific Partners by 2.9% in the 4th quarter. Amundi now owns 3,078,851 shares of the company’s stock worth $233,716,000 after purchasing an additional 87,675 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in Coca-Cola Europacific Partners by 43.3% in the 4th quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company’s stock worth $221,835,000 after buying an additional 872,060 shares in the last quarter. Norges Bank purchased a new position in Coca-Cola Europacific Partners in the 4th quarter worth about $190,999,000. Geode Capital Management LLC lifted its stake in 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 acquiring an additional 58,247 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Coca-Cola Europacific Partners by 0.6% during the 4th quarter. Bank of New York Mellon Corp now owns 643,090 shares of the company’s stock valued at $49,396,000 after acquiring an additional 3,719 shares during the last quarter. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Stock Down 6.6 %

CCEP stock opened at $83.93 on Monday. The business’s 50-day moving average price is $83.77 and its 200-day moving average price is $79.53. The stock has a market cap of $38.69 billion, a P/E ratio of 17.27, a PEG ratio of 4.89 and a beta of 0.73. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a twelve month low of $65.94 and a twelve month high of $91.29.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on CCEP. UBS Group boosted their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Barclays increased their price target on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the company an “overweight” rating in a report on Thursday, March 27th. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Finally, Evercore ISI boosted their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners currently has a consensus rating of “Moderate Buy” and an average target price of $87.00.

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.