Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. reduced its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 3.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 241,877 shares of the company’s stock after selling 8,787 shares during the quarter. Charles Schwab Investment Management Inc. owned about 0.05% of Coca-Cola Europacific Partners worth $18,579,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth approximately $27,000. MassMutual Private Wealth & Trust FSB raised its stake in shares of Coca-Cola Europacific Partners by 85.3% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after purchasing an additional 197 shares during the last quarter. Whipplewood Advisors LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth approximately $52,000. Brown Brothers Harriman & Co. raised its stake in shares of Coca-Cola Europacific Partners by 1,604.0% during the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock worth $67,000 after purchasing an additional 802 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of Coca-Cola Europacific Partners by 16.2% during the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock worth $94,000 after purchasing an additional 166 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on the company. Kepler Capital Markets cut Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. UBS Group increased their price objective on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Barclays increased their price objective on Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, March 6th. Finally, JPMorgan Chase & Co. cut Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and cut their price objective for the stock from $85.00 to $82.00 in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $86.88.

Coca-Cola Europacific Partners Stock Up 0.1 %

Shares of NASDAQ:CCEP opened at $85.68 on Thursday. The stock’s 50-day moving average price is $81.38 and its two-hundred day moving average price is $79.11. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a 12-month low of $65.94 and a 12-month high of $88.39. The firm has a market cap of $39.49 billion, a price-to-earnings ratio of 17.63, a PEG ratio of 4.89 and a beta of 0.91.

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.