Atlas Capital Advisors Inc. Sells 792 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Atlas Capital Advisors Inc. lowered its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 18.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,390 shares of the company’s stock after selling 792 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in Coca-Cola Europacific Partners were worth $260,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Groupama Asset Managment purchased a new stake in Coca-Cola Europacific Partners in the 4th quarter valued at about $239,000. Headlands Technologies LLC grew its holdings in shares of Coca-Cola Europacific Partners by 109.4% in the fourth quarter. Headlands Technologies LLC now owns 29,473 shares of the company’s stock valued at $2,264,000 after acquiring an additional 15,399 shares in the last quarter. Geode Capital Management LLC increased its position in shares of Coca-Cola Europacific Partners by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 2,130,501 shares of the company’s stock valued at $162,748,000 after acquiring an additional 82,325 shares during the last quarter. National Bank of Canada FI lifted its holdings in Coca-Cola Europacific Partners by 469.8% during the fourth quarter. National Bank of Canada FI now owns 80,960 shares of the company’s stock worth $6,220,000 after acquiring an additional 66,752 shares during the period. Finally, Franklin Resources Inc. boosted its position in Coca-Cola Europacific Partners by 15.9% in the fourth quarter. Franklin Resources Inc. now owns 762,977 shares of the company’s stock worth $58,604,000 after purchasing an additional 104,423 shares during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on CCEP. Evercore ISI boosted their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a report on Tuesday, February 18th. UBS Group boosted their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Finally, Barclays raised their target price on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an “overweight” rating in a research report on Thursday, March 27th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and a consensus price target of $87.00.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $83.93 on Friday. Coca-Cola Europacific Partners PLC has a 52-week low of $65.94 and a 52-week high of $91.29. The business’s fifty day moving average is $83.77 and its 200 day moving average is $79.55. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The firm has a market cap of $38.69 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 4.89 and a beta of 0.73.

About Coca-Cola Europacific Partners

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.