Raymond James & Associates Sells 17,266 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Raymond James & Associates trimmed its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 8.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 199,895 shares of the company’s stock after selling 17,266 shares during the period. Raymond James & Associates’ holdings in Coca-Cola Europacific Partners were worth $15,742,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of CCEP. Hennion & Walsh Asset Management Inc. raised its holdings in Coca-Cola Europacific Partners by 21.4% during the 1st quarter. Hennion & Walsh Asset Management Inc. now owns 12,206 shares of the company’s stock valued at $854,000 after acquiring an additional 2,150 shares during the period. Skyline Advisors Inc. purchased a new stake in Coca-Cola Europacific Partners in the first quarter worth about $205,000. BKM Wealth Management LLC boosted its position in Coca-Cola Europacific Partners by 31.7% during the 1st quarter. BKM Wealth Management LLC now owns 7,152 shares of the company’s stock valued at $500,000 after acquiring an additional 1,720 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in shares of Coca-Cola Europacific Partners by 55.1% during the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 81,366 shares of the company’s stock worth $5,756,000 after acquiring an additional 28,908 shares during the period. Finally, Norden Group LLC purchased a new position in shares of Coca-Cola Europacific Partners during the 1st quarter worth approximately $483,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on CCEP shares. Deutsche Bank Aktiengesellschaft increased their price target on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Bank of America raised their target price on 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. BNP Paribas cut 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. Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Barclays cut their target price on shares of Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating for the company in a research note on Friday, October 11th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and a consensus price target of $80.88.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ:CCEP opened at $77.98 on Friday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. The firm’s 50 day simple moving average is $79.04 and its 200-day simple moving average is $75.01. The firm has a market cap of $35.62 billion, a PE ratio of 16.63, a price-to-earnings-growth ratio of 3.54 and a beta of 0.90. Coca-Cola Europacific Partners PLC has a one year low of $57.48 and a one year high of $82.32.

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.