Hsbc Holdings PLC lessened its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP – Free Report) by 77.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 114,139 shares of the company’s stock after selling 391,670 shares during the period. Hsbc Holdings PLC’s holdings in Coca-Cola Europacific Partners were worth $10,384,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also modified their holdings of the company. Bayban bought a new stake in Coca-Cola Europacific Partners during the 4th quarter worth approximately $25,000. Quarry LP raised its holdings in Coca-Cola Europacific Partners by 59.1% during the 4th quarter. Quarry LP now owns 393 shares of the company’s stock worth $36,000 after buying an additional 146 shares during the period. 1248 Management LLC bought a new position in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $38,000. Towarzystwo Funduszy Inwestycyjnych PZU SA lifted its stake in Coca-Cola Europacific Partners by 83.3% in the fourth quarter. Towarzystwo Funduszy Inwestycyjnych PZU SA now owns 440 shares of the company’s stock valued at $40,000 after buying an additional 200 shares in the last quarter. Finally, Fideuram Asset Management Ireland dac acquired a new position in shares of Coca-Cola Europacific Partners in the fourth quarter valued at approximately $55,000. 31.35% of the stock is currently owned by institutional investors and hedge funds.
Coca-Cola Europacific Partners Stock Down 1.0%
Shares of CCEP opened at $105.43 on Thursday. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23. Coca-Cola Europacific Partners has a twelve month low of $84.65 and a twelve month high of $110.90. The company has a 50 day moving average of $96.44 and a 200-day moving average of $95.83.
Coca-Cola Europacific Partners Dividend Announcement
Analyst Ratings Changes
Several equities research analysts have recently issued reports on CCEP shares. Barclays increased their price objective on shares of Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Weiss Ratings cut shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research report on Monday, May 18th. Wells Fargo & Company increased their target price on Coca-Cola Europacific Partners from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, July 2nd. Finally, UBS Group boosted their price target on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Eight research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $107.12.
Check Out Our Latest Stock Analysis on CCEP
Coca-Cola Europacific Partners Company Profile
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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