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

Edge Capital Group LLC lowered its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 0.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor 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 have also bought and sold shares of the company. Creative Planning raised its holdings in Coca-Cola Europacific Partners by 2.9% in the third quarter. Creative Planning now owns 33,685 shares of the company’s stock worth $2,653,000 after buying an additional 942 shares during the last quarter. Blue Trust Inc. raised its holdings in Coca-Cola Europacific Partners by 21.5% in the third quarter. Blue Trust Inc. now owns 1,023 shares of the company’s stock worth $75,000 after buying an additional 181 shares during the last quarter. Private Advisor Group LLC raised its holdings in Coca-Cola Europacific Partners by 14.8% in the third quarter. Private Advisor Group LLC now owns 4,230 shares of the company’s stock worth $333,000 after buying an additional 545 shares during the last quarter. International Assets Investment Management LLC purchased a new position in Coca-Cola Europacific Partners in the third quarter worth about $3,840,000. Finally, Hennion & Walsh Asset Management Inc. raised its holdings in Coca-Cola Europacific Partners by 24.8% in the third quarter. Hennion & Walsh Asset Management Inc. now owns 16,477 shares of the company’s stock worth $1,298,000 after buying an additional 3,275 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.

Analysts Set New Price Targets

CCEP has been the subject of several research reports. Barclays decreased 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 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 report on Monday, December 9th. Evercore ISI boosted 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 report on Tuesday, February 18th. UBS Group boosted 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 report on Thursday, December 12th. Finally, JPMorgan Chase & Co. cut shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and decreased their price objective for the company from $85.00 to $82.00 in a report on Wednesday, November 27th. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued 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 price target of $85.00.

Coca-Cola Europacific Partners Stock Up 0.9 %

Shares of 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 company has a 50 day simple moving average of $78.29 and a two-hundred day simple moving average of $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.