Have Coca-Cola Europacific Partners Insiders Been Selling Stock?

Some Coca-Cola Europacific Partners PLC (AMS:CCEP) shareholders may be a little concerned to see that the CEO & Executive Director, Damian Gammell, recently sold a substantial €4.1m worth of stock at a price of €72.27 per share. However, that sale only accounted for 9.6% of their holding, so arguably it doesn't say much about their conviction.

View our latest analysis for Coca-Cola Europacific Partners

The Last 12 Months Of Insider Transactions At Coca-Cola Europacific Partners

Notably, that recent sale by Damian Gammell is the biggest insider sale of Coca-Cola Europacific Partners shares that we've seen in the last year. So it's clear an insider wanted to take some cash off the table, even slightly below the current price of €72.80. When an insider sells below the current price, it suggests that they considered that lower price to be fair. That makes us wonder what they think of the (higher) recent valuation. Please do note, however, that sellers may have a variety of reasons for selling, so we don't know for sure what they think of the stock price. This single sale was just 9.6% of Damian Gammell's stake.

The chart below shows insider transactions (by companies and individuals) over the last year. By clicking on the graph below, you can see the precise details of each insider transaction!

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Does Coca-Cola Europacific Partners Boast High Insider Ownership?

I like to look at how many shares insiders own in a company, to help inform my view of how aligned they are with insiders. I reckon it's a good sign if insiders own a significant number of shares in the company. It appears that Coca-Cola Europacific Partners insiders own 0.2% of the company, worth about €65m. We've certainly seen higher levels of insider ownership elsewhere, but these holdings are enough to suggest alignment between insiders and the other shareholders.

So What Does This Data Suggest About Coca-Cola Europacific Partners Insiders?

An insider hasn't bought Coca-Cola Europacific Partners stock in the last three months, but there was some selling. And there weren't any purchases to give us comfort, over the last year. Insiders own shares, but we're still pretty cautious, given the history of sales. We'd practice some caution before buying! In addition to knowing about insider transactions going on, it's beneficial to identify the risks facing Coca-Cola Europacific Partners. While conducting our analysis, we found that Coca-Cola Europacific Partners has 3 warning signs and it would be unwise to ignore these.

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For the purposes of this article, insiders are those individuals who report their transactions to the relevant regulatory body. We currently account for open market transactions and private dispositions of direct interests only, but not derivative transactions or indirect interests.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.