Ritholtz Wealth Management reduced its position in Coca-Cola Europacific Partners PLC (NYSE:CCEP – Get Rating) by 11.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,729 shares of the company's stock after selling 728 shares during the period. Ritholtz Wealth Management's holdings in Coca-Cola Europacific Partners were worth $296,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Private Advisor Group LLC boosted its position in Coca-Cola Europacific Partners by 5.4% in the 2nd quarter. Private Advisor Group LLC now owns 12,881 shares of the company's stock valued at $665,000 after buying an additional 663 shares during the last quarter. Bank of America Corp DE boosted its position in Coca-Cola Europacific Partners by 106.2% in the 1st quarter. Bank of America Corp DE now owns 1,677,209 shares of the company's stock valued at $81,529,000 after buying an additional 863,961 shares during the last quarter. Ninety One UK Ltd boosted its position in Coca-Cola Europacific Partners by 13.6% in the 1st quarter. Ninety One UK Ltd now owns 4,855,022 shares of the company's stock valued at $236,003,000 after buying an additional 580,843 shares during the last quarter. Sawtooth Solutions LLC purchased a new position in Coca-Cola Europacific Partners in the 1st quarter valued at about $249,000. Finally, Walleye Trading LLC purchased a new position in Coca-Cola Europacific Partners in the 1st quarter valued at about $361,000.
Get Coca-Cola Europacific Partners alerts:Coca-Cola Europacific Partners Trading Down 1.5 %
Shares of NYSE CCEP opened at $43.92 on Tuesday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.94 and a quick ratio of 0.75. The firm's 50-day moving average price is $50.63 and its two-hundred day moving average price is $50.74. Coca-Cola Europacific Partners PLC has a 52-week low of $42.33 and a 52-week high of $59.86.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the stock. StockNews.com raised shares of Coca-Cola Europacific Partners from a "buy" rating to a "strong-buy" rating in a research report on Friday, August 5th. 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 research report on Wednesday, August 3rd. Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research report on Wednesday, June 29th. Finally, Societe Generale increased their price target on shares of 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 analyst has rated the stock with a sell rating, one has assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $60.43.About Coca-Cola Europacific Partners
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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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