Swiss National Bank Sells 10,400 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Swiss National Bank reduced its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 1.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 608,614 shares of the company's stock after selling 10,400 shares during the quarter. Swiss National Bank owned about 0.13% of Coca-Cola Europacific Partners worth $46,748,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also added to or reduced their stakes in CCEP. SBI Securities Co. Ltd. purchased a new position in shares of Coca-Cola Europacific Partners in the fourth quarter valued at $27,000. MassMutual Private Wealth & Trust FSB grew its holdings 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 valued at $33,000 after purchasing an additional 197 shares in the last quarter. Whipplewood Advisors LLC purchased a new position in Coca-Cola Europacific Partners during the fourth quarter worth $52,000. Brown Brothers Harriman & Co. boosted its stake 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 worth $67,000 after buying an additional 802 shares during the period. Finally, Blue Trust Inc. boosted its stake in Coca-Cola Europacific Partners by 16.2% during the fourth 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 period. 31.35% of the stock is owned by hedge funds and other institutional investors.

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Coca-Cola Europacific Partners Stock Up 0.1 %

Shares of CCEP stock traded up $0.09 on Wednesday, hitting $85.68. The stock had a trading volume of 3,790,870 shares, compared to its average volume of 1,402,857. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The business has a 50 day moving average price of $81.38 and a 200 day moving average price of $79.11. The company has a market cap of $39.49 billion, a PE ratio of 17.63, a P/E/G ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a one year low of $65.94 and a one year high of $88.39.

Analysts Set New Price Targets

Several research firms have commented on CCEP. 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 note on Thursday, December 12th. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research note on Tuesday, February 25th. 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. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and lowered their target price for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. Finally, Evercore ISI boosted their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an "outperform" rating in a research note on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $86.67.

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.