Exencial Wealth Advisors LLC Cuts Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Exencial Wealth Advisors LLC lessened its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 3.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,814 shares of the company’s stock after selling 1,131 shares during the period. Exencial Wealth Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $2,520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCEP. SBI Securities Co. Ltd. purchased a new position in Coca-Cola Europacific Partners in the fourth quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings in 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 worth $33,000 after acquiring an additional 197 shares in the last quarter. Plato Investment Management Ltd acquired a new stake in Coca-Cola Europacific Partners in the third quarter worth about $50,000. Whipplewood Advisors LLC acquired a new stake in Coca-Cola Europacific Partners in the fourth quarter worth about $52,000. Finally, Brown Brothers Harriman & Co. boosted its holdings in Coca-Cola Europacific Partners by 1,604.0% in the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock worth $67,000 after acquiring an additional 802 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. UBS Group raised their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price target for the company. Finally, JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and decreased their target price for the stock from $85.00 to $82.00 in a report on Wednesday, November 27th. One analyst has rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $85.00.

Coca-Cola Europacific Partners Trading Down 1.3 %

Shares of NASDAQ:CCEP opened at $85.82 on Wednesday. Coca-Cola Europacific Partners PLC has a 12-month low of $65.94 and a 12-month high of $88.39. The company has a market capitalization of $39.56 billion, a PE ratio of 17.66, a PEG ratio of 4.89 and a beta of 0.91. The business has a 50 day moving average of $79.76 and a two-hundred day moving average of $78.74. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

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.