Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Schechter Investment Advisors LLC

Schechter Investment Advisors LLC trimmed its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 3.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,952 shares of the company’s stock after selling 411 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $731,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in CCEP. Norges Bank purchased a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at $66,427,000. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its holdings in Coca-Cola Europacific Partners by 196.6% in the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 1,762,591 shares of the company’s stock valued at $97,507,000 after purchasing an additional 1,168,323 shares during the last quarter. Nuveen Asset Management LLC boosted its holdings in Coca-Cola Europacific Partners by 94.7% in the second quarter. Nuveen Asset Management LLC now owns 1,839,421 shares of the company’s stock valued at $118,514,000 after purchasing an additional 894,560 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Coca-Cola Europacific Partners by 5.0% during the 1st quarter. BlackRock Inc. now owns 14,447,992 shares of the company’s stock worth $702,316,000 after acquiring an additional 685,745 shares in the last quarter. Finally, Balyasny Asset Management L.P. boosted its stake in shares of Coca-Cola Europacific Partners by 1,183.0% during the 1st quarter. Balyasny Asset Management L.P. now owns 706,715 shares of the company’s stock worth $41,830,000 after acquiring an additional 651,632 shares in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the stock. Barclays increased their target price on shares of Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 27th. The Goldman Sachs Group raised shares of Coca-Cola Europacific Partners from a “neutral” rating to a “buy” rating and increased their target price for the stock from $61.00 to $70.00 in a research note on Monday, December 4th. UBS Group increased their target price on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the stock a “buy” rating in a research note on Monday, February 26th. StockNews.com upgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Finally, Argus lifted their price target on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $74.02.

Coca-Cola Europacific Partners Price Performance

NASDAQ CCEP opened at $69.95 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.72 and a current ratio of 0.91. Coca-Cola Europacific Partners PLC has a one year low of $56.28 and a one year high of $72.67. The firm’s fifty day moving average is $69.25 and its two-hundred day moving average is $64.64.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last posted its quarterly earnings data on Friday, February 23rd. The company reported $1.85 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 earnings per share for the current fiscal year.

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.