Fulton Bank N.A. Cuts Position in Coca-Cola Europacific Partners PLC (NYSE:CCEP)

Fulton Bank N.A. lowered its position in Coca-Cola Europacific Partners PLC (NYSE:CCEP – Get Rating) by 15.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 5,039 shares of the company’s stock after selling 890 shares during the quarter. Fulton Bank N.A.’s holdings in Coca-Cola Europacific Partners were worth $279,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. MQS Management LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the 3rd quarter worth $469,000. Bridgefront Capital LLC acquired a new position in shares of Coca-Cola Europacific Partners during the 3rd quarter worth about $598,000. M&T Bank Corp increased its holdings in shares of Coca-Cola Europacific Partners by 28.9% in the 3rd quarter. M&T Bank Corp now owns 11,445 shares of the company’s stock valued at $488,000 after acquiring an additional 2,563 shares during the last quarter. Kayne Anderson Rudnick Investment Management LLC acquired a new stake in shares of Coca-Cola Europacific Partners during the 3rd quarter worth about $3,545,000. Finally, Captrust Financial Advisors lifted its stake in Coca-Cola Europacific Partners by 16.3% during the third quarter. Captrust Financial Advisors now owns 68,952 shares of the company’s stock worth $2,940,000 after purchasing an additional 9,688 shares during the last quarter. 28.63% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock opened at $55.09 on Friday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.89 and a quick ratio of 0.71. Coca-Cola Europacific Partners PLC has a fifty-two week low of $41.80 and a fifty-two week high of $57.63. The stock’s fifty day moving average is $55.67 and its two-hundred day moving average is $51.78.

Analysts Set New Price Targets

Several equities analysts have commented on CCEP shares. Barclays dropped their price target on shares of Coca-Cola Europacific Partners from $69.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 21st. JPMorgan Chase & Co. upped their price objective on shares of Coca-Cola Europacific Partners to €66.50 ($71.51) and gave the stock an “overweight” rating in a research report on Thursday, December 1st. Argus lifted their price objective on Coca-Cola Europacific Partners from $60.00 to $62.00 in a report on Thursday. StockNews.com began coverage on Coca-Cola Europacific Partners in a report on Thursday. They issued a “buy” rating for the company. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on Coca-Cola Europacific Partners from $63.00 to $66.00 in a report on Thursday, January 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $61.79.

About Coca-Cola Europacific Partners

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Coca-Cola Europacific Partners plc engages in the distribution and sale of non-alcoholic ready to drink beverages. It operates through the following geographical segments: Iberia, Germany, Great Britain, France, Belgium/Luxembourg, Netherlands, Norway, Sweden, and Iceland. The company was founded on August 4, 2015 and is headquartered in Uxbridge, the United Kingdom.