FCG Investment Co Cuts Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

FCG Investment Co lowered its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 68.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,123 shares of the company's stock after selling 11,141 shares during the period. FCG Investment Co's holdings in Coca-Cola Europacific Partners were worth $403,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in CCEP. Hennion & Walsh Asset Management Inc. increased its position in shares of Coca-Cola Europacific Partners by 21.4% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 12,206 shares of the company's stock valued at $854,000 after acquiring an additional 2,150 shares during the last quarter. BKM Wealth Management LLC raised its stake in shares of Coca-Cola Europacific Partners by 31.7% during the 1st quarter. BKM Wealth Management LLC now owns 7,152 shares of the company's stock worth $500,000 after purchasing an additional 1,720 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its position in Coca-Cola Europacific Partners by 55.1% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 81,366 shares of the company's stock valued at $5,756,000 after buying an additional 28,908 shares during the period. Norden Group LLC purchased a new stake in Coca-Cola Europacific Partners during the first quarter worth about $483,000. Finally, Legacy Wealth Asset Management LLC raised its position in Coca-Cola Europacific Partners by 2.7% in the first quarter. Legacy Wealth Asset Management LLC now owns 29,627 shares of the company's stock worth $2,072,000 after acquiring an additional 787 shares during the period. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock traded down $0.49 during midday trading on Monday, hitting $77.49. 759,329 shares of the company's stock were exchanged, compared to its average volume of 1,401,485. The company has a market cap of $35.40 billion, a P/E ratio of 16.52, a PEG ratio of 3.54 and a beta of 0.90. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. The stock has a 50-day moving average price of $79.04 and a two-hundred day moving average price of $75.11. Coca-Cola Europacific Partners PLC has a 52-week low of $57.48 and a 52-week high of $82.32.

Analysts Set New Price Targets

CCEP has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft lifted their price target on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a "buy" rating in a report on Monday, September 9th. Bank of America upped their price target on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a "buy" rating in a research report on Wednesday, July 10th. BNP Paribas cut Coca-Cola Europacific Partners from an "outperform" rating to a "neutral" rating and set a $81.00 price objective on the stock. in a research note on Tuesday, September 10th. Citigroup upgraded shares of Coca-Cola Europacific Partners to a "strong-buy" rating in a research report on Thursday, October 3rd. Finally, Barclays dropped their price target on shares of Coca-Cola Europacific Partners from $85.00 to $84.00 and set an "overweight" rating on the stock in a research note on Friday, October 11th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of "Moderate Buy" and a consensus price target of $80.88.

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.