Legacy Capital Wealth Partners LLC Decreases Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Legacy Capital Wealth Partners LLC decreased its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 52.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,020 shares of the company's stock after selling 5,461 shares during the period. Legacy Capital Wealth Partners LLC's holdings in Coca-Cola Europacific Partners were worth $386,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently bought and sold shares of CCEP. CWM LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 14.5% in the 3rd quarter. CWM LLC now owns 1,318 shares of the company's stock valued at $104,000 after buying an additional 167 shares in the last quarter. Creative Planning lifted its position in Coca-Cola Europacific Partners by 2.9% during the third quarter. Creative Planning now owns 33,685 shares of the company's stock valued at $2,653,000 after acquiring an additional 942 shares during the last quarter. Blue Trust Inc. boosted its stake in Coca-Cola Europacific Partners by 21.5% in 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 in the last quarter. Cyndeo Wealth Partners LLC grew its holdings in Coca-Cola Europacific Partners by 3.3% in the third quarter. Cyndeo Wealth Partners LLC now owns 117,392 shares of the company's stock worth $9,245,000 after purchasing an additional 3,783 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its holdings in Coca-Cola Europacific Partners by 38.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company's stock worth $40,000 after purchasing an additional 139 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP traded down $0.34 on Thursday, hitting $86.51. 1,761,414 shares of the company's stock traded hands, compared to its average volume of 1,642,879. The firm's 50-day moving average price is $77.97 and its two-hundred day moving average price is $77.94. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. Coca-Cola Europacific Partners PLC has a 1-year low of $65.94 and a 1-year high of $87.03.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. cut Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and lowered their price objective for the stock from $85.00 to $82.00 in a research report on Wednesday, November 27th. Barclays lowered their price target on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an "overweight" rating for the company in a report on Friday, January 17th. UBS Group boosted their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a "market perform" rating and a $82.00 price objective for the company. Finally, Evercore ISI boosted their target price 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. Four investment analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of "Moderate Buy" and an average target price of $85.00.

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.