Blair William & Co. IL Trims Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Blair William & Co. IL lessened its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 4,734 shares of the company’s stock after selling 126 shares during the period. Blair William & Co. IL’s holdings in Coca-Cola Europacific Partners were worth $364,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rockefeller Capital Management L.P. raised its position in shares of Coca-Cola Europacific Partners by 2.5% in the third quarter. Rockefeller Capital Management L.P. now owns 34,823 shares of the company’s stock worth $2,738,000 after buying an additional 855 shares in the last quarter. HighTower Advisors LLC boosted its position in shares of Coca-Cola Europacific Partners by 0.4% during the 3rd quarter. HighTower Advisors LLC now owns 41,187 shares of the company’s stock valued at $3,242,000 after acquiring an additional 177 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Coca-Cola Europacific Partners during the 3rd quarter valued at about $52,364,000. Investment Management Corp of Ontario increased its position in shares of Coca-Cola Europacific Partners by 18.2% in the third quarter. Investment Management Corp of Ontario now owns 13,660 shares of the company’s stock worth $1,076,000 after purchasing an additional 2,100 shares during the last quarter. Finally, IHT Wealth Management LLC raised its stake in Coca-Cola Europacific Partners by 43.9% in the third quarter. IHT Wealth Management LLC now owns 4,041 shares of the company’s stock valued at $317,000 after purchasing an additional 1,232 shares in the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of Coca-Cola Europacific Partners stock opened at $83.93 on Friday. The stock has a market capitalization of $38.69 billion, a P/E ratio of 17.27, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73. Coca-Cola Europacific Partners PLC has a one year low of $65.94 and a one year high of $91.29. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The business’s 50 day simple moving average is $83.77 and its two-hundred day simple moving average is $79.55.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Barclays lifted their price target on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, March 27th. UBS Group increased their price objective on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Finally, Evercore ISI boosted their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola Europacific Partners currently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Coca-Cola Europacific Partners Company 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.