Evergreen Capital Management LLC Has $2.70 Million Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Evergreen Capital Management LLC trimmed its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.3% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 37,000 shares of the company’s stock after selling 475 shares during the quarter. Evergreen Capital Management LLC’s holdings in Coca-Cola Europacific Partners were worth $2,696,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in shares of Coca-Cola Europacific Partners during the 4th quarter worth approximately $68,360,000. Point72 Asset Management L.P. grew its holdings in Coca-Cola Europacific Partners by 89.3% during the 4th quarter. Point72 Asset Management L.P. now owns 2,156,056 shares of the company’s stock worth $143,895,000 after acquiring an additional 1,017,278 shares during the period. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Coca-Cola Europacific Partners during the 1st quarter valued at $47,839,000. Public Sector Pension Investment Board lifted its stake in shares of Coca-Cola Europacific Partners by 800.5% in the 4th quarter. Public Sector Pension Investment Board now owns 663,146 shares of the company’s stock valued at $44,258,000 after purchasing an additional 589,500 shares during the period. Finally, First Trust Advisors LP lifted its stake in shares of Coca-Cola Europacific Partners by 1,735.9% in the 4th quarter. First Trust Advisors LP now owns 456,425 shares of the company’s stock valued at $30,462,000 after purchasing an additional 431,564 shares during the period. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ CCEP opened at $80.57 on Tuesday. The company has a fifty day moving average price of $77.17 and a 200 day moving average price of $73.84. Coca-Cola Europacific Partners PLC has a 1-year low of $56.28 and a 1-year high of $82.32. The firm has a market cap of $36.80 billion, a PE ratio of 16.96, a PEG ratio of 3.64 and a beta of 0.90. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12.

Analysts Set New Price Targets

A number of equities research analysts recently commented on CCEP shares. Barclays upped their price objective on Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, August 9th. BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target on the stock. in a research report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 9th. Finally, Bank of America increased 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 report 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. Based on data from MarketBeat.com, Coca-Cola Europacific Partners currently has a consensus rating of “Moderate Buy” and a consensus target price of $79.78.

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.