Schwartz Investment Counsel Inc. Sells 12,200 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Schwartz Investment Counsel Inc. trimmed its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 2.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 556,300 shares of the company's stock after selling 12,200 shares during the quarter. Coca-Cola Europacific Partners accounts for 1.5% of Schwartz Investment Counsel Inc.'s portfolio, making the stock its 22nd largest position. Schwartz Investment Counsel Inc. owned about 0.12% of Coca-Cola Europacific Partners worth $42,729,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its position in shares of 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 in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in 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 in the last quarter. Plato Investment Management Ltd bought a new position in Coca-Cola Europacific Partners during the third quarter valued at approximately $50,000. Brown Brothers Harriman & Co. raised its position in Coca-Cola Europacific Partners by 1,604.0% during 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. raised its position in 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 in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ CCEP traded up $2.19 during midday trading on Friday, reaching $84.90. 2,466,593 shares of the company traded hands, compared to its average volume of 1,553,985. The stock's 50-day simple moving average is $77.54 and its 200-day simple moving average is $77.66. Coca-Cola Europacific Partners PLC has a 12 month low of $65.94 and a 12 month high of $85.61. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CCEP shares. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and cut their price objective for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. UBS Group lifted their price target on shares of 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 started coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a "market perform" rating and a $82.00 price target on the stock. Finally, Evercore ISI lifted their price target on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an "outperform" rating in a research note on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given 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 a consensus target price of $84.11.

Coca-Cola Europacific Partners Company 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.