Private Management Group Inc. lowered its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 209,374 shares of the company's stock after selling 10,068 shares during the quarter. Private Management Group Inc.'s holdings in Coca-Cola Europacific Partners were worth $16,082,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CCEP. Whittier Trust Co. of Nevada Inc. increased its position in shares of Coca-Cola Europacific Partners by 38.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company's stock valued at $40,000 after acquiring an additional 139 shares during the last quarter. Janney Capital Management LLC increased its position in shares of Coca-Cola Europacific Partners by 4.4% during the 3rd quarter. Janney Capital Management LLC now owns 3,417 shares of the company's stock valued at $269,000 after purchasing an additional 145 shares during the last quarter. Moody Lynn & Lieberson LLC raised its stake in shares of Coca-Cola Europacific Partners by 5.0% during the 4th 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. boosted its holdings in shares of Coca-Cola Europacific Partners by 16.2% in the 4th 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, CWM LLC grew its position in Coca-Cola Europacific Partners by 14.5% during the third quarter. CWM LLC now owns 1,318 shares of the company's stock valued at $104,000 after buying an additional 167 shares during the period. Hedge funds and other institutional investors own 31.35% of the company's stock.
Wall Street Analysts Forecast Growth
CCEP has been the topic of several research reports. UBS Group lifted their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Barclays lowered their price target on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an "overweight" rating on the stock in a report on Friday, January 17th. Evercore ISI increased their price objective on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an "outperform" rating in a report on Wednesday, November 6th. Morgan Stanley upgraded Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. Finally, Sanford C. Bernstein began coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a "market perform" rating and a $82.00 price target for the company. Four 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, the company has a consensus rating of "Moderate Buy" and an average price target of $84.11.
Read Our Latest Stock Report on Coca-Cola Europacific Partners
Coca-Cola Europacific Partners Stock Down 0.1 %
NASDAQ CCEP traded down $0.08 during trading hours on Friday, hitting $80.03. The company had a trading volume of 1,330,019 shares, compared to its average volume of 1,553,985. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners PLC has a 52 week low of $65.77 and a 52 week high of $82.32. The firm has a 50 day simple moving average of $77.08 and a 200 day simple moving average of $77.39.
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.
Further Reading
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
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
