Zurcher Kantonalbank Zurich Cantonalbank Has $10.13 Million Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Zurcher Kantonalbank Zurich Cantonalbank lowered its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 15.8% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 151,822 shares of the company’s stock after selling 28,437 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Coca-Cola Europacific Partners were worth $10,133,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Private Advisor Group LLC raised its position in Coca-Cola Europacific Partners by 27.5% in the first quarter. Private Advisor Group LLC now owns 12,218 shares of the company’s stock worth $595,000 after acquiring an additional 2,638 shares during the period. PNC Financial Services Group Inc. lifted its stake in Coca-Cola Europacific Partners by 2.0% in the first quarter. PNC Financial Services Group Inc. now owns 14,173 shares of the company’s stock valued at $690,000 after purchasing an additional 277 shares during the last quarter. BlackRock Inc. lifted its stake in Coca-Cola Europacific Partners by 5.0% in the first quarter. BlackRock Inc. now owns 14,447,992 shares of the company’s stock valued at $702,316,000 after purchasing an additional 685,745 shares during the last quarter. Great West Life Assurance Co. Can bought a new position in Coca-Cola Europacific Partners during the first quarter valued at $10,809,000. Finally, Yousif Capital Management LLC increased its position in Coca-Cola Europacific Partners by 13.9% in the first quarter. Yousif Capital Management LLC now owns 4,954 shares of the company’s stock worth $241,000 after buying an additional 605 shares during the last quarter. 31.35% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. UBS Group boosted their target price on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a research note on Monday, February 26th. Barclays increased their price objective on Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the company an “overweight” rating in a research note on Tuesday, February 27th. StockNews.com raised shares of Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Finally, Argus increased their price target on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. One research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and a consensus price target of $74.02.

Coca-Cola Europacific Partners Trading Up 1.5 %

Shares of NASDAQ CCEP opened at $67.58 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 1.27. The company has a 50 day simple moving average of $69.30 and a two-hundred day simple moving average of $65.27. Coca-Cola Europacific Partners PLC has a fifty-two week low of $56.28 and a fifty-two week high of $72.67.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last announced its quarterly earnings results on Friday, February 23rd. The company reported $1.85 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $1.85. On average, analysts forecast that Coca-Cola Europacific Partners PLC will post 4.18 EPS for the current year.

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.