Hsbc Holdings PLC Trims Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Hsbc Holdings PLC lowered its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 16.3% in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 104,942 shares of the company’s stock after selling 20,490 shares during the quarter. Hsbc Holdings PLC’s holdings in Coca-Cola Europacific Partners were worth $7,683,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in CCEP. FIL Ltd boosted its holdings in Coca-Cola Europacific Partners by 9.6% in the fourth quarter. FIL Ltd now owns 3,629,675 shares of the company’s stock valued at $242,245,000 after acquiring an additional 317,936 shares in the last quarter. Point72 Asset Management L.P. increased its position in shares of Coca-Cola Europacific Partners by 89.3% during the fourth quarter. Point72 Asset Management L.P. now owns 2,156,056 shares of the company’s stock valued at $143,895,000 after buying an additional 1,017,278 shares during the period. Fiduciary Management Inc. WI increased its position in shares of Coca-Cola Europacific Partners by 25.8% during the fourth quarter. Fiduciary Management Inc. WI now owns 1,785,320 shares of the company’s stock valued at $119,152,000 after buying an additional 365,820 shares during the period. Norges Bank bought a new position in Coca-Cola Europacific Partners in the fourth quarter worth about $68,360,000. Finally, TD Asset Management Inc lifted its holdings in Coca-Cola Europacific Partners by 35.9% in the fourth quarter. TD Asset Management Inc now owns 907,044 shares of the company’s stock worth $60,536,000 after buying an additional 239,447 shares during the period. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Stock Down 0.6 %

Shares of Coca-Cola Europacific Partners stock opened at $80.57 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners PLC has a twelve month low of $56.28 and a twelve month high of $82.32. The company has a market cap of $36.80 billion, a price-to-earnings ratio of 16.96, a price-to-earnings-growth ratio of 3.64 and a beta of 0.90. The company’s 50 day moving average is $77.17 and its 200 day moving average is $73.84.

Analysts Set New Price Targets

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

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.