Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Zurcher Kantonalbank Zurich Cantonalbank

Zurcher Kantonalbank Zurich Cantonalbank trimmed its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 15.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 151,822 shares of the company’s stock after selling 28,437 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Coca-Cola Europacific Partners were worth $10,133,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCEP. KB Financial Partners LLC purchased a new stake in Coca-Cola Europacific Partners in the 1st quarter worth approximately $33,000. Global Retirement Partners LLC boosted its holdings in Coca-Cola Europacific Partners by 97.5% during the third quarter. Global Retirement Partners LLC now owns 644 shares of the company’s stock worth $39,000 after buying an additional 318 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in Coca-Cola Europacific Partners during the second quarter valued at $40,000. China Universal Asset Management Co. Ltd. purchased a new position in Coca-Cola Europacific Partners in the fourth quarter valued at $61,000. Finally, NBC Securities Inc. acquired a new position in shares of Coca-Cola Europacific Partners in the third quarter worth about $73,000. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Trading Up 1.5 %

CCEP stock opened at $67.58 on Friday. The firm has a 50-day moving average of $69.30 and a two-hundred day moving average of $65.27. Coca-Cola Europacific Partners PLC has a 12 month low of $56.28 and a 12 month high of $72.67. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last posted its quarterly earnings results on Friday, February 23rd. The company reported $1.85 EPS for the quarter, meeting the consensus estimate of $1.85. As a group, equities research analysts expect that Coca-Cola Europacific Partners PLC will post 4.18 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. BNP Paribas upgraded Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 target price on the stock in a research report on Friday, January 12th. StockNews.com upgraded Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. UBS Group increased their target price on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. Finally, Argus boosted their target price 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 equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of “Moderate Buy” and a consensus target price of $74.02.

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.