Qtron Investments LLC Has $771,000 Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Qtron Investments LLC trimmed its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 36.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,042 shares of the company's stock after selling 5,814 shares during the period. Qtron Investments LLC's holdings in Coca-Cola Europacific Partners were worth $771,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cibc World Markets Corp raised its holdings in Coca-Cola Europacific Partners by 1.4% during the fourth quarter. Cibc World Markets Corp now owns 10,200 shares of the company's stock worth $783,000 after acquiring an additional 139 shares in the last quarter. TIAA Trust National Association lifted its stake in Coca-Cola Europacific Partners by 4.4% in the 4th quarter. TIAA Trust National Association now owns 3,420 shares of the company's stock valued at $263,000 after purchasing an additional 145 shares during the last quarter. Moody Lynn & Lieberson LLC grew its holdings in Coca-Cola Europacific Partners by 5.0% during the fourth quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company's stock worth $242,000 after purchasing an additional 150 shares during the period. Blue Trust Inc. increased its position in Coca-Cola Europacific Partners by 16.2% during the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company's stock worth $94,000 after buying an additional 166 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. lifted its position in shares of Coca-Cola Europacific Partners by 4.7% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 3,855 shares of the company's stock valued at $296,000 after buying an additional 172 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently commented on CCEP shares. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. Barclays boosted their target price on shares of Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the company an "overweight" rating in a research report on Friday, April 11th. Finally, Evercore ISI raised their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of "Moderate Buy" and an average target price of $87.13.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock traded up $1.41 during midday trading on Thursday, reaching $89.31. The company's stock had a trading volume of 1,472,082 shares, compared to its average volume of 1,696,212. The stock has a market cap of $41.17 billion, a PE ratio of 18.38, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73. 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 $91.29. The business has a 50-day moving average price of $85.08 and a 200-day moving average price of $79.91.

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.