Schwartz Investment Counsel Inc. Sells 135,000 Shares of Coca-Cola Europacific Partners $CCEP

Schwartz Investment Counsel Inc. cut its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 28.1% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 345,000 shares of the company’s stock after selling 135,000 shares during the quarter. Coca-Cola Europacific Partners makes up 1.2% of Schwartz Investment Counsel Inc.’s portfolio, making the stock its 28th largest position. Schwartz Investment Counsel Inc. owned about 0.07% of Coca-Cola Europacific Partners worth $35,090,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Oppenheimer & Co. Inc. raised its holdings in Coca-Cola Europacific Partners by 7.3% during the third quarter. Oppenheimer & Co. Inc. now owns 4,162 shares of the company’s stock worth $423,000 after acquiring an additional 284 shares in the last quarter. Park Avenue Securities LLC grew its stake in Coca-Cola Europacific Partners by 5.7% in the third quarter. Park Avenue Securities LLC now owns 5,597 shares of the company’s stock valued at $569,000 after purchasing an additional 302 shares in the last quarter. Signaturefd LLC grew its stake in Coca-Cola Europacific Partners by 2.8% in the third quarter. Signaturefd LLC now owns 8,008 shares of the company’s stock valued at $814,000 after purchasing an additional 221 shares in the last quarter. Simplicity Wealth LLC bought a new position in Coca-Cola Europacific Partners in the third quarter valued at approximately $218,000. Finally, Sterling Capital Management LLC increased its position in shares of Coca-Cola Europacific Partners by 7.9% during the 3rd quarter. Sterling Capital Management LLC now owns 234,373 shares of the company’s stock worth $23,838,000 after purchasing an additional 17,254 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Trading Down 1.2%

Shares of NASDAQ:CCEP opened at $110.89 on Wednesday. Coca-Cola Europacific Partners has a 52-week low of $84.65 and a 52-week high of $114.55. The company has a 50-day simple moving average of $105.77 and a 200 day simple moving average of $100.26.

Analyst Ratings Changes

A number of brokerages have recently issued reports on CCEP. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $114.00 price objective (up from $110.00) on shares of Coca-Cola Europacific Partners in a research note on Wednesday, September 16th. Barclays cut their price objective on Coca-Cola Europacific Partners from $119.00 to $112.00 and set an “overweight” rating for the company in a report on Friday, October 16th. UBS Group reissued a “neutral” rating and issued a $107.00 target price (down from $109.00) on shares of Coca-Cola Europacific Partners in a research note on Monday, October 5th. Weiss Ratings upgraded shares of Coca-Cola Europacific Partners from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, October 15th. Finally, ING Group downgraded shares of Coca-Cola Europacific Partners to a “hold” rating in a report on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $107.11.

Coca-Cola Europacific Partners Profile

Coca-Cola Europacific Partners plc (NASDAQ: CCEP) is a consumer beverage company and one of the world’s largest Coca-Cola bottlers. The company manufactures, distributes and sells a broad portfolio of branded beverages, including Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Fuze Tea, Powerade, Monster Energy and Costa Coffee products, depending on the market.

CCEP serves customers across Europe and the Asia-Pacific region. Its territories include Great Britain, France, Germany, Spain, Portugal, Belgium, the Netherlands, Norway, Sweden and Iceland, as well as Australia, New Zealand, Indonesia, Papua New Guinea and several Pacific island markets.