Park Place Capital Corp Trims Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Park Place Capital Corp lowered its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 12.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 1,789 shares of the company’s stock after selling 265 shares during the quarter. Park Place Capital Corp’s holdings in Coca-Cola Europacific Partners were worth $141,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the business. Diversified Trust Co bought a new stake in Coca-Cola Europacific Partners in the third quarter valued at $2,513,000. Handelsbanken Fonder AB boosted its stake in shares of Coca-Cola Europacific Partners by 1.6% during the 3rd quarter. Handelsbanken Fonder AB now owns 128,820 shares of the company’s stock valued at $10,145,000 after purchasing an additional 2,056 shares in the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Coca-Cola Europacific Partners during the second quarter valued at about $2,190,000. Cetera Investment Advisers increased its position in shares of Coca-Cola Europacific Partners by 5.6% during the second quarter. Cetera Investment Advisers now owns 26,768 shares of the company’s stock valued at $1,951,000 after buying an additional 1,425 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Coca-Cola Europacific Partners by 3.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,533 shares of the company’s stock worth $767,000 after buying an additional 325 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have weighed in on CCEP shares. BNP Paribas downgraded Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price on the stock. in a report on Tuesday, September 10th. Barclays upped their price target on Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Deutsche Bank Aktiengesellschaft raised their price objective on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Bank of America upped their target price on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. Two research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $79.78.

Coca-Cola Europacific Partners Price Performance

CCEP stock opened at $77.12 on Wednesday. The company has a fifty day simple moving average of $78.11 and a two-hundred day simple moving average of $74.33. Coca-Cola Europacific Partners PLC has a 52 week low of $56.45 and a 52 week high of $82.32. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $35.23 billion, a P/E ratio of 16.28, a price-to-earnings-growth ratio of 3.69 and a beta of 0.90.

Coca-Cola Europacific Partners 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.