Schechter Investment Advisors LLC decreased its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 54.5% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,642 shares of the company's stock after selling 4,356 shares during the quarter. Schechter Investment Advisors LLC's holdings in Coca-Cola Europacific Partners were worth $280,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of the business. World Investment Advisors LLC purchased a new position in Coca-Cola Europacific Partners in the 3rd quarter valued at about $6,975,000. Transform Wealth LLC raised its holdings in shares of Coca-Cola Europacific Partners by 7.7% during the fourth quarter. Transform Wealth LLC now owns 138,691 shares of the company's stock valued at $10,653,000 after acquiring an additional 9,864 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Coca-Cola Europacific Partners by 2.9% in the third quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company's stock valued at $160,138,000 after acquiring an additional 58,247 shares in the last quarter. Quantbot Technologies LP boosted its stake in shares of Coca-Cola Europacific Partners by 617.2% in the third quarter. Quantbot Technologies LP now owns 44,660 shares of the company's stock worth $3,517,000 after acquiring an additional 38,433 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its position in shares of Coca-Cola Europacific Partners by 28.7% during the fourth quarter. Vontobel Holding Ltd. now owns 329,422 shares of the company's stock worth $24,651,000 after purchasing an additional 73,393 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company's stock.
Coca-Cola Europacific Partners Trading Down 2.4 %
Coca-Cola Europacific Partners stock traded down $2.05 during mid-day trading on Friday, hitting $82.40. The company's stock had a trading volume of 4,142,259 shares, compared to its average volume of 1,362,110. The stock's fifty day moving average is $80.20 and its two-hundred day moving average is $78.87. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $37.98 billion, a PE ratio of 16.95, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a 1 year low of $65.94 and a 1 year high of $88.39.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on CCEP shares. Barclays raised their price objective on Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an "overweight" rating in a report on Thursday. Sanford C. Bernstein started 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 target on the stock. UBS Group upped 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. 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. Finally, Kepler Capital Markets lowered Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $86.67.
Get Our Latest Stock Analysis on Coca-Cola Europacific Partners
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.
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