Private Trust Co. NA Decreases Stock Holdings in Coca-Cola Europacific Partners $CCEP

Private Trust Co. NA decreased its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 5.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,907 shares of the company’s stock after selling 115 shares during the quarter. Private Trust Co. NA’s holdings in Coca-Cola Europacific Partners were worth $176,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the company. Nordea Investment Management AB increased its position in shares of Coca-Cola Europacific Partners by 0.8% in the second quarter. Nordea Investment Management AB now owns 1,239,257 shares of the company’s stock valued at $113,999,000 after acquiring an additional 10,014 shares during the period. S Bank Fund Management Ltd purchased a new position in shares of Coca-Cola Europacific Partners in the second quarter valued at about $359,000. Allianz Asset Management GmbH increased its position in shares of Coca-Cola Europacific Partners by 14.8% during the second quarter. Allianz Asset Management GmbH now owns 243,050 shares of the company’s stock valued at $22,536,000 after buying an additional 31,309 shares during the period. Moran Wealth Management LLC increased its position in shares of Coca-Cola Europacific Partners by 2.2% during the second quarter. Moran Wealth Management LLC now owns 49,510 shares of the company’s stock valued at $4,591,000 after buying an additional 1,058 shares during the period. Finally, Sequoia Financial Advisors LLC purchased a new position in shares of Coca-Cola Europacific Partners during the second quarter valued at about $230,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Weiss Ratings reiterated a “buy (b+)” rating on shares of Coca-Cola Europacific Partners in a research report on Wednesday, October 8th. Wall Street Zen cut shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. Barclays reduced their price target on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Finally, UBS Group boosted their price target on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Five investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $92.40.

Coca-Cola Europacific Partners Trading Up 1.1%

NASDAQ:CCEP opened at $91.78 on Wednesday. Coca-Cola Europacific Partners has a one year low of $73.40 and a one year high of $100.67. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. The company’s 50-day simple moving average is $89.38 and its 200 day simple moving average is $90.98. The firm has a market capitalization of $42.31 billion, a P/E ratio of 18.88, a PEG ratio of 2.60 and a beta of 0.77.

Coca-Cola Europacific Partners 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.