Coca-Cola Europacific Partners $CCEP Shares Sold by Exencial Wealth Advisors LLC

Exencial Wealth Advisors LLC lessened its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 6.5% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,336 shares of the company’s stock after selling 2,103 shares during the period. Exencial Wealth Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $2,813,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 107.3% in the 1st quarter. Assetmark Inc. now owns 284 shares of the company’s stock valued at $25,000 after buying an additional 147 shares in the last quarter. Cullen Frost Bankers Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 204.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company’s stock valued at $32,000 after buying an additional 245 shares in the last quarter. HM Payson & Co. acquired a new position in shares of Coca-Cola Europacific Partners in the 1st quarter valued at $33,000. Motco boosted its holdings in shares of Coca-Cola Europacific Partners by 285.7% in the 1st quarter. Motco now owns 405 shares of the company’s stock valued at $35,000 after buying an additional 300 shares in the last quarter. Finally, Quarry LP boosted its holdings in shares of Coca-Cola Europacific Partners by 115.8% in the 1st quarter. Quarry LP now owns 436 shares of the company’s stock valued at $38,000 after buying an additional 234 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Morgan Stanley cut shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Barclays reduced their price target on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Weiss Ratings reiterated a “buy (b+)” rating on shares of Coca-Cola Europacific Partners in a research report on Wednesday, October 8th. Finally, UBS Group upped their price target on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $92.40.

Coca-Cola Europacific Partners Stock Up 0.8%

Shares of Coca-Cola Europacific Partners stock opened at $92.52 on Thursday. The company has a market cap of $42.65 billion, a P/E ratio of 19.04, a PEG ratio of 2.63 and a beta of 0.77. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83. Coca-Cola Europacific Partners has a one year low of $73.40 and a one year high of $100.67. The firm has a fifty day moving average of $89.39 and a two-hundred day moving average of $90.99.

Coca-Cola Europacific Partners Company 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.