Steel Grove Capital Advisors LLC Sells 2,100 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Steel Grove Capital Advisors LLC lowered its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 15.1% in the 4th quarter, HoldingsChannel.com reports. The firm owned 11,797 shares of the company’s stock after selling 2,100 shares during the quarter. Steel Grove Capital Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $906,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. SBI Securities Co. Ltd. bought a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth about $27,000. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Coca-Cola Europacific Partners by 85.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock valued at $33,000 after purchasing an additional 197 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of Coca-Cola Europacific Partners during the fourth quarter valued at approximately $34,000. Whipplewood Advisors LLC purchased a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at about $52,000. Finally, Blue Trust Inc. boosted its holdings in Coca-Cola Europacific Partners by 16.2% during the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock worth $94,000 after purchasing an additional 166 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

CCEP has been the topic of a number of research analyst reports. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Evercore ISI raised their target price on 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. Finally, Barclays raised their price objective on shares of Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the stock an “overweight” rating in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $87.13.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ CCEP opened at $88.47 on Tuesday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. Coca-Cola Europacific Partners PLC has a fifty-two week low of $67.80 and a fifty-two week high of $91.29. The stock has a market cap of $40.78 billion, a PE ratio of 18.20, a price-to-earnings-growth ratio of 4.89 and a beta of 0.73. The stock has a fifty day moving average of $85.55 and a 200-day moving average of $80.18.

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.