Forsta AP Fonden decreased its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 52.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,100 shares of the company's stock after selling 20,100 shares during the period. Forsta AP Fonden's holdings in Coca-Cola Europacific Partners were worth $1,390,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its holdings in Coca-Cola Europacific Partners by 85.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock worth $33,000 after purchasing an additional 197 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in shares of Coca-Cola Europacific Partners by 38.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company's stock worth $40,000 after buying an additional 139 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in shares of Coca-Cola Europacific Partners in the 3rd quarter worth approximately $50,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Coca-Cola Europacific Partners by 1,604.0% in the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company's stock valued at $67,000 after acquiring an additional 802 shares in the last quarter. Finally, Blue Trust Inc. increased its stake in shares of Coca-Cola Europacific Partners by 21.5% during the third quarter. Blue Trust Inc. now owns 1,023 shares of the company's stock valued at $75,000 after acquiring an additional 181 shares during the period. Institutional investors and hedge funds own 31.35% of the company's stock.
Coca-Cola Europacific Partners Stock Up 1.3 %
Shares of CCEP traded up $0.99 during trading hours on Thursday, reaching $80.11. The company's stock had a trading volume of 1,468,350 shares, compared to its average volume of 1,545,013. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. The company has a 50 day moving average of $76.98 and a two-hundred day moving average of $77.29. Coca-Cola Europacific Partners PLC has a 1-year low of $65.77 and a 1-year high of $82.32.
Analyst Ratings Changes
A number of equities research analysts have weighed in on the company. Evercore ISI upped their target price on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an "outperform" rating in a research report on Wednesday, November 6th. Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a "market perform" rating and a $82.00 price target for the company. UBS Group boosted their target price on shares of 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 cut their price objective on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an "overweight" rating for the company in a research report on Friday, January 17th. Finally, Morgan Stanley raised Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a report on Monday, December 9th. Four research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Coca-Cola Europacific Partners currently has a consensus rating of "Moderate Buy" and a consensus target price of $84.11.
Check Out Our Latest Analysis on CCEP
About Coca-Cola Europacific Partners
(
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.
Recommended Stories
Before you consider Coca-Cola Europacific Partners, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Coca-Cola Europacific Partners wasn't on the list.
While Coca-Cola Europacific Partners currently has a "Moderate Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
