Zurcher Kantonalbank Zurich Cantonalbank decreased its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 42.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 113,725 shares of the company's stock after selling 82,720 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Coca-Cola Europacific Partners were worth $8,735,000 at the end of the most recent reporting period.
Several other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in Coca-Cola Europacific Partners during the 4th quarter worth about $27,000. MassMutual Private Wealth & Trust FSB lifted its holdings in Coca-Cola Europacific Partners by 85.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock worth $33,000 after buying an additional 197 shares during the period. Plato Investment Management Ltd acquired a new position in Coca-Cola Europacific Partners during the 3rd quarter worth about $50,000. Whipplewood Advisors LLC acquired a new position in Coca-Cola Europacific Partners during the 4th quarter worth about $52,000. Finally, Brown Brothers Harriman & Co. lifted its holdings in Coca-Cola Europacific Partners by 1,604.0% during the 3rd 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. Institutional investors and hedge funds own 31.35% of the company's stock.
Analyst Ratings Changes
Several research analysts have commented on the company. Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a "market perform" rating and a $82.00 target price on the stock. Barclays lifted their price objective on Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the stock an "overweight" rating in a research report on Thursday, March 6th. Evercore ISI lifted their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a research report on Tuesday, February 18th. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. Finally, UBS Group lifted their price objective on 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. One research analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $86.67.
Read Our Latest Research Report on Coca-Cola Europacific Partners
Coca-Cola Europacific Partners Stock Performance
Shares of Coca-Cola Europacific Partners stock opened at $82.28 on Friday. Coca-Cola Europacific Partners PLC has a one year low of $65.94 and a one year high of $88.39. The firm has a market capitalization of $37.93 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 4.89 and a beta of 0.91. The business has a 50-day simple moving average of $80.66 and a 200 day simple moving average of $78.98. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63.
Coca-Cola Europacific Partners Profile
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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
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