Panagora Asset Management Inc. decreased its holdings in shares of Coca-Cola Europacific Partners PLC (NYSE:CCEP – Get Rating) by 2.5% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 37,620 shares of the company's stock after selling 955 shares during the period. Panagora Asset Management Inc.'s holdings in Coca-Cola Europacific Partners were worth $1,829,000 at the end of the most recent quarter.
A number of other large investors have also modified their holdings of CCEP. Advisor Group Holdings Inc. grew its stake in shares of Coca-Cola Europacific Partners by 10.3% during the fourth quarter. Advisor Group Holdings Inc. now owns 11,479 shares of the company's stock worth $643,000 after acquiring an additional 1,069 shares during the last quarter. abrdn plc grew its stake in shares of Coca-Cola Europacific Partners by 45.4% during the fourth quarter. abrdn plc now owns 531,572 shares of the company's stock worth $29,730,000 after acquiring an additional 166,083 shares during the last quarter. First Republic Investment Management Inc. grew its stake in shares of Coca-Cola Europacific Partners by 3.9% during the fourth quarter. First Republic Investment Management Inc. now owns 10,178 shares of the company's stock worth $569,000 after acquiring an additional 386 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Coca-Cola Europacific Partners by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 23,188 shares of the company's stock worth $1,294,000 after acquiring an additional 1,271 shares during the last quarter. Finally, HighTower Advisors LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 352.8% during the fourth quarter. HighTower Advisors LLC now owns 63,276 shares of the company's stock worth $3,542,000 after purchasing an additional 49,303 shares during the period.
Get Coca-Cola Europacific Partners alerts:Coca-Cola Europacific Partners Price Performance
Shares of CCEP stock opened at $48.04 on Thursday. The company has a quick ratio of 0.75, a current ratio of 0.94 and a debt-to-equity ratio of 1.42. The stock has a 50 day simple moving average of $51.63 and a 200-day simple moving average of $50.90. Coca-Cola Europacific Partners PLC has a 1-year low of $42.33 and a 1-year high of $60.30.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on CCEP shares. Societe Generale lifted their target price on Coca-Cola Europacific Partners to €44.00 ($44.90) and gave the stock a "sell" rating in a report on Wednesday, July 6th. StockNews.com raised Coca-Cola Europacific Partners from a "buy" rating to a "strong-buy" rating in a report on Friday, August 5th. UBS Group raised Coca-Cola Europacific Partners from a "neutral" rating to a "buy" rating and lifted their target price for the stock from $62.00 to $68.00 in a report on Wednesday, August 3rd. Finally, Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Wednesday, June 29th. One research analyst has rated the stock with a sell rating, one has issued a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Coca-Cola Europacific Partners currently has an average rating of "Moderate Buy" and an average target price of $61.39.Coca-Cola Europacific Partners Company Profile
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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.
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