Charles Schwab Investment Management Inc. cut its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 3.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 241,877 shares of the company's stock after selling 8,787 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.05% of Coca-Cola Europacific Partners worth $18,579,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in CCEP. Oppenheimer & Co. Inc. increased its stake in Coca-Cola Europacific Partners by 15.5% in the third quarter. Oppenheimer & Co. Inc. now owns 4,317 shares of the company's stock valued at $340,000 after acquiring an additional 579 shares during the last quarter. Swiss National Bank increased its stake in Coca-Cola Europacific Partners by 0.5% in the third quarter. Swiss National Bank now owns 619,014 shares of the company's stock valued at $48,747,000 after acquiring an additional 3,200 shares during the last quarter. Pathstone Holdings LLC increased its stake in Coca-Cola Europacific Partners by 1.6% in the third quarter. Pathstone Holdings LLC now owns 47,473 shares of the company's stock valued at $3,738,000 after acquiring an additional 756 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in Coca-Cola Europacific Partners by 6.0% in the third quarter. PNC Financial Services Group Inc. now owns 14,394 shares of the company's stock valued at $1,134,000 after acquiring an additional 815 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in Coca-Cola Europacific Partners in the third quarter valued at approximately $482,000. 31.35% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on CCEP. Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They issued a "market perform" rating and a $82.00 price objective on the stock. Evercore ISI lifted their price objective on shares of 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. UBS Group lifted 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 research note on Thursday, December 12th. Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. Finally, Morgan Stanley raised shares of Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of "Moderate Buy" and an average target price of $86.88.
Check Out Our Latest Stock Analysis on CCEP
Coca-Cola Europacific Partners Trading Down 0.7 %
Shares of NASDAQ:CCEP traded down $0.64 during mid-day trading on Friday, reaching $84.92. 13,187,704 shares of the company's stock were exchanged, compared to its average volume of 1,459,063. The firm has a market capitalization of $39.14 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 4.89 and a beta of 0.91. The business's fifty day moving average price is $81.80 and its 200-day moving average price is $79.18. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. Coca-Cola Europacific Partners PLC has a twelve month low of $65.94 and a twelve month high of $88.39.
Coca-Cola Europacific Partners Company Profile
(
Free Report)
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.
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