Edge Capital Group LLC Sells 693 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Edge Capital Group LLC reduced its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 0.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 190,546 shares of the company’s stock after selling 693 shares during the period. Edge Capital Group LLC’s holdings in Coca-Cola Europacific Partners were worth $14,636,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its position in shares of Coca-Cola Europacific Partners by 85.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after acquiring an additional 197 shares during the last quarter. Plato Investment Management Ltd bought a new position in shares of Coca-Cola Europacific Partners during the third quarter worth $50,000. Brown Brothers Harriman & Co. boosted its position in shares of Coca-Cola Europacific Partners by 1,604.0% during the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock worth $67,000 after acquiring an additional 802 shares during the last quarter. Blue Trust Inc. lifted its position in Coca-Cola Europacific Partners by 21.5% during the third quarter. Blue Trust Inc. now owns 1,023 shares of the company’s stock valued at $75,000 after purchasing an additional 181 shares during the last quarter. Finally, Icon Wealth Advisors LLC bought a new position in Coca-Cola Europacific Partners during the third quarter valued at $105,000. Institutional investors own 31.35% of the company’s stock.

Analysts Set New Price Targets

CCEP has been the subject of several research reports. Evercore ISI increased their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. UBS Group increased their price objective on shares of 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. Barclays lowered their price objective on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research report on Friday, January 17th. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, JPMorgan Chase & Co. downgraded shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and reduced their target price for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $85.00.

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $87.29 on Monday. Coca-Cola Europacific Partners PLC has a 12 month low of $65.94 and a 12 month high of $87.59. The firm’s 50-day moving average is $78.29 and its 200 day moving average is $78.17. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

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.