US Bancorp DE cut its position in Coca-Cola Europacific Partners PLC (NYSE:CCEP – Get Rating) by 6.1% during the first quarter, Holdings Channel reports. The firm owned 23,649 shares of the company's stock after selling 1,523 shares during the period. US Bancorp DE's holdings in Coca-Cola Europacific Partners were worth $1,150,000 as of its most recent filing with the SEC.
Other hedge funds have also modified their holdings of the company. Castle Financial & Retirement Planning Associates Inc. acquired a new position in shares of Coca-Cola Europacific Partners in the fourth quarter valued at about $29,000. Standard Family Office LLC acquired a new position in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $36,000. Huntington National Bank lifted its holdings in Coca-Cola Europacific Partners by 254.8% in the first quarter. Huntington National Bank now owns 1,185 shares of the company's stock valued at $58,000 after acquiring an additional 851 shares during the period. Farmers & Merchants Investments Inc. lifted its holdings in Coca-Cola Europacific Partners by 234.8% in the first quarter. Farmers & Merchants Investments Inc. now owns 1,443 shares of the company's stock valued at $70,000 after acquiring an additional 1,012 shares during the period. Finally, Belpointe Asset Management LLC purchased a new position in shares of Coca-Cola Europacific Partners during the 1st quarter valued at approximately $124,000.
Get Coca-Cola Europacific Partners alerts:Analyst Ratings Changes
A number of analysts recently issued reports on the stock. UBS Group raised shares of Coca-Cola Europacific Partners from a "neutral" rating to a "buy" rating and increased their price target for the stock from $62.00 to $68.00 in a report on Wednesday, August 3rd. Kepler Capital Markets cut Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research report on Wednesday, June 29th. StockNews.com upgraded Coca-Cola Europacific Partners from a "buy" rating to a "strong-buy" rating in a research note on Friday, August 5th. Finally, Societe Generale increased their price target on Coca-Cola Europacific Partners to €44.00 ($44.90) and gave the stock a "sell" rating in a research report on Wednesday, July 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, Coca-Cola Europacific Partners presently has an average rating of "Moderate Buy" and a consensus price target of $61.39.
Coca-Cola Europacific Partners Trading Down 1.1 %
Shares of NYSE CCEP opened at $47.59 on Tuesday. The firm has a fifty day moving average of $52.11 and a 200 day moving average of $51.21. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.94 and a quick ratio of 0.75. Coca-Cola Europacific Partners PLC has a one year low of $42.33 and a one year high of $61.26.About Coca-Cola Europacific Partners
(Get Rating)
Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. The company 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.
Featured Articles
- Get a free copy of the StockNews.com research report on Coca-Cola Europacific Partners (CCEP)
- MarketBeat Podcast: Stock Market, Bad News is Good News
- Forget Bitcoin, Block's Ecosystems are the Real Growth Drivers
- What Does an Inverted Yield Curve Mean For You?
- SPY vs. QQQ: Which ETF Wins in 2022?
- Could Snap Stock Rebound As Management Restructures?
Want to see what other hedge funds are holding CCEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Coca-Cola Europacific Partners PLC (NYSE:CCEP – Get Rating).
Receive News & Ratings for Coca-Cola Europacific Partners Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Coca-Cola Europacific Partners and related companies with MarketBeat.com's FREE daily email newsletter.