Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by IHT Wealth Management LLC

IHT Wealth Management LLC cut its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 24.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,035 shares of the company’s stock after selling 1,006 shares during the quarter. IHT Wealth Management LLC’s holdings in Coca-Cola Europacific Partners were worth $233,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of CCEP. Invesco Ltd. boosted its stake in shares of Coca-Cola Europacific Partners by 26.3% during the 4th quarter. Invesco Ltd. now owns 10,119,928 shares of the company’s stock worth $777,312,000 after purchasing an additional 2,105,019 shares during the last quarter. FMR LLC lifted its stake in shares of Coca-Cola Europacific Partners by 3.3% during the fourth quarter. FMR LLC now owns 7,234,642 shares of the company’s stock valued at $555,693,000 after buying an additional 229,679 shares during the period. Amundi boosted its position in Coca-Cola Europacific Partners by 2.9% during the fourth quarter. Amundi now owns 3,078,851 shares of the company’s stock worth $233,716,000 after acquiring an additional 87,675 shares during the last quarter. JPMorgan Chase & Co. grew its stake in Coca-Cola Europacific Partners by 43.3% in the 4th quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company’s stock worth $221,835,000 after acquiring an additional 872,060 shares during the period. Finally, Norges Bank acquired a new position in Coca-Cola Europacific Partners in the 4th quarter valued at $190,999,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $87.88 on Monday. The company has a market capitalization of $40.51 billion, a P/E ratio of 18.08, a PEG ratio of 4.89 and a beta of 0.73. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The company has a 50-day simple moving average of $85.88 and a 200 day simple moving average of $80.50. Coca-Cola Europacific Partners PLC has a fifty-two week low of $70.82 and a fifty-two week high of $95.24.

Analysts Set New Price Targets

CCEP has been the subject of a number of recent analyst reports. Barclays lifted their price objective on Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the company an “overweight” rating in a research report on Friday, April 11th. Kepler Capital Markets cut Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. Finally, Evercore ISI increased their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.13.

Coca-Cola Europacific Partners 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.