Atria Investments Inc Trims Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Atria Investments Inc reduced its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 40.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,845 shares of the company's stock after selling 5,414 shares during the quarter. Atria Investments Inc's holdings in Coca-Cola Europacific Partners were worth $603,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new position in Coca-Cola Europacific Partners during the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB grew its holdings in Coca-Cola Europacific Partners by 85.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock worth $33,000 after acquiring an additional 197 shares during the period. Plato Investment Management Ltd acquired a new position in Coca-Cola Europacific Partners during the third quarter worth $50,000. Whipplewood Advisors LLC acquired a new position in Coca-Cola Europacific Partners during the fourth quarter worth $52,000. Finally, Brown Brothers Harriman & Co. grew its holdings in Coca-Cola Europacific Partners by 1,604.0% during the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company's stock worth $67,000 after acquiring an additional 802 shares during the period. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Morgan Stanley raised Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a report on Monday, December 9th. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. UBS Group upped their price objective on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a report on Thursday, December 12th. Barclays upped their target price on Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an "overweight" rating in a report on Thursday, March 6th. Finally, Evercore ISI upped their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $86.67.

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Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP traded up $0.85 on Tuesday, hitting $85.59. The company had a trading volume of 3,882,121 shares, compared to its average volume of 1,393,444. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a 52-week low of $65.94 and a 52-week high of $88.39. The business has a 50 day moving average of $80.99 and a 200 day moving average of $79.03. The company has a market cap of $39.45 billion, a PE ratio of 17.61, a PEG ratio of 4.89 and a beta of 0.91.

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.