Coca-Cola Europacific Partners $CCEP Shares Sold by Qtron Investments LLC

Qtron Investments LLC lowered its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 13.1% in the first quarter, HoldingsChannel.com reports. The fund owned 8,730 shares of the company’s stock after selling 1,312 shares during the quarter. Qtron Investments LLC’s holdings in Coca-Cola Europacific Partners were worth $760,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Private Trust Co. NA raised its position in shares of Coca-Cola Europacific Partners by 6.0% during the 1st quarter. Private Trust Co. NA now owns 2,022 shares of the company’s stock worth $176,000 after purchasing an additional 115 shares during the last quarter. BKM Wealth Management LLC raised its holdings in shares of Coca-Cola Europacific Partners by 1.6% in the first quarter. BKM Wealth Management LLC now owns 7,834 shares of the company’s stock worth $682,000 after acquiring an additional 124 shares during the last quarter. Assetmark Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 107.3% in the first quarter. Assetmark Inc. now owns 284 shares of the company’s stock worth $25,000 after acquiring an additional 147 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in shares of Coca-Cola Europacific Partners by 2.5% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,177 shares of the company’s stock worth $538,000 after acquiring an additional 150 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Coca-Cola Europacific Partners by 0.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 53,142 shares of the company’s stock worth $4,087,000 after acquiring an additional 155 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on CCEP shares. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Friday, August 8th. Barclays cut their price target on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Morgan Stanley downgraded Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 7th. UBS Group upped their target price on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Finally, Wall Street Zen lowered Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. One analyst has rated the stock with a sell rating, five have given a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $90.43.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ:CCEP opened at $89.78 on Tuesday. The firm has a market capitalization of $41.38 billion, a PE ratio of 18.47, a P/E/G ratio of 2.63 and a beta of 0.75. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. The business has a 50-day moving average of $94.78 and a two-hundred day moving average of $89.45. Coca-Cola Europacific Partners has a 12 month low of $73.40 and a 12 month high of $100.67.

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.