Vestcor Inc cut its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP – Free Report) by 6.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 75,085 shares of the company’s stock after selling 5,580 shares during the period. Vestcor Inc’s holdings in Coca-Cola Europacific Partners were worth $6,810,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in CCEP. Fideuram Asset Management Ireland dac purchased a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth about $55,000. Geneos Wealth Management Inc. boosted its stake in shares of Coca-Cola Europacific Partners by 23.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock worth $70,000 after purchasing an additional 156 shares during the period. Brown Brothers Harriman & Co. boosted its stake in shares of Coca-Cola Europacific Partners by 18.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,015 shares of the company’s stock worth $92,000 after purchasing an additional 155 shares during the period. Assetmark Inc. boosted its stake in shares of Coca-Cola Europacific Partners by 76.0% during the 3rd quarter. Assetmark Inc. now owns 1,051 shares of the company’s stock worth $95,000 after purchasing an additional 454 shares during the period. Finally, Maseco LLP boosted its stake in shares of Coca-Cola Europacific Partners by 20.6% during the 4th quarter. Maseco LLP now owns 1,123 shares of the company’s stock worth $103,000 after purchasing an additional 192 shares during the period. 31.35% of the stock is owned by hedge funds and other institutional investors.
Coca-Cola Europacific Partners Stock Performance
Shares of CCEP opened at $94.74 on Friday. Coca-Cola Europacific Partners has a 1-year low of $84.65 and a 1-year high of $110.90. The company has a 50-day moving average of $94.01 and a 200 day moving average of $94.25. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23.
Coca-Cola Europacific Partners Dividend Announcement
Analysts Set New Price Targets
A number of equities analysts recently commented on the stock. UBS Group lifted their price target on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. JPMorgan Chase & Co. lifted their price target on shares of Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. Weiss Ratings cut shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Citigroup reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, February 19th. Finally, The Goldman Sachs Group lifted their price objective on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and a consensus price target of $106.00.
View Our Latest Report on Coca-Cola Europacific Partners
About Coca-Cola Europacific Partners
Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.
The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.
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