Choreo LLC Trims Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Choreo LLC lowered its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 17.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,756 shares of the company’s stock after selling 565 shares during the period. Choreo LLC’s holdings in Coca-Cola Europacific Partners were worth $210,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of CCEP. MassMutual Private Wealth & Trust FSB lifted its holdings in shares of Coca-Cola Europacific Partners by 85.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after acquiring an additional 197 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its holdings in Coca-Cola Europacific Partners by 38.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock valued at $40,000 after buying an additional 139 shares during the last quarter. Plato Investment Management Ltd bought a new stake in Coca-Cola Europacific Partners during the 3rd quarter valued at $50,000. Brown Brothers Harriman & Co. raised its holdings in Coca-Cola Europacific Partners by 1,604.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock valued at $67,000 after buying an additional 802 shares during the last quarter. Finally, Blue Trust Inc. raised its holdings in Coca-Cola Europacific Partners by 21.5% during the 3rd quarter. Blue Trust Inc. now owns 1,023 shares of the company’s stock valued at $75,000 after buying an additional 181 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

NASDAQ CCEP opened at $84.90 on Friday. 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 company has a fifty day moving average of $77.54 and a two-hundred day moving average of $77.66. Coca-Cola Europacific Partners PLC has a 52 week low of $65.94 and a 52 week high of $85.61.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on CCEP shares. UBS Group upped their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 12th. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $85.00 to $82.00 in a report on Wednesday, November 27th. Sanford C. Bernstein started coverage on shares of Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target for the company. Barclays lowered their price target on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a report on Friday, January 17th. Finally, Evercore ISI upped their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Four equities research analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $84.11.

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.