Truist Financial Corp boosted its holdings in shares of Coca-Cola Europacific Partners PLC (NYSE:CCEP – Free Report) by 3.3% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 79,184 shares of the company’s stock after purchasing an additional 2,518 shares during the period. Truist Financial Corp’s holdings in Coca-Cola Europacific Partners were worth $4,687,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Silvercrest Asset Management Group LLC grew its position in Coca-Cola Europacific Partners by 5.2% during the 4th quarter. Silvercrest Asset Management Group LLC now owns 101,144 shares of the company’s stock worth $5,595,000 after purchasing an additional 4,965 shares during the last quarter. Qtron Investments LLC purchased a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at about $326,000. Rollins Financial purchased a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at about $219,000. Handelsbanken Fonder AB boosted its holdings in shares of Coca-Cola Europacific Partners by 1.5% in the fourth quarter. Handelsbanken Fonder AB now owns 66,413 shares of the company’s stock valued at $3,673,000 after acquiring an additional 1,000 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at about $22,397,000. 29.37% of the stock is owned by hedge funds and other institutional investors.
Coca-Cola Europacific Partners Stock Performance
CCEP stock opened at $64.57 on Friday. Coca-Cola Europacific Partners PLC has a 52 week low of $41.80 and a 52 week high of $66.79. The company’s 50-day moving average price is $64.50 and its 200 day moving average price is $61.10. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.85 and a quick ratio of 0.66.
Wall Street Analyst Weigh In
Several analysts have recently weighed in on CCEP shares. Credit Suisse Group lifted their target price on shares of Coca-Cola Europacific Partners to €67.00 ($73.63) in a report on Friday, July 7th. Societe Generale raised shares of Coca-Cola Europacific Partners from a “sell” rating to a “hold” rating and set a $61.15 target price on the stock in a report on Wednesday, April 26th. StockNews.com downgraded shares of Coca-Cola Europacific Partners from a “strong-buy” rating to a “buy” rating in a report on Thursday, May 11th. UBS Group lifted their target price on shares of Coca-Cola Europacific Partners from $68.00 to $71.00 in a report on Wednesday, April 26th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Coca-Cola Europacific Partners from $66.50 to $75.50 in a report on Wednesday, July 5th.
Read Our Latest Stock Report on Coca-Cola Europacific Partners
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.
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