American Trust Sells 260 Shares of Coca-Cola Europacific Partners PLC (NYSE:CCEP)

American Trust cut its holdings in Coca-Cola Europacific Partners PLC (NYSE:CCEP – Get Rating) by 2.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,569 shares of the company’s stock after selling 260 shares during the period. American Trust’s holdings in Coca-Cola Europacific Partners were worth $450,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the business. BlackRock Inc. lifted its position in Coca-Cola Europacific Partners by 5.0% during the 1st quarter. BlackRock Inc. now owns 14,447,992 shares of the company’s stock worth $702,316,000 after acquiring an additional 685,745 shares during the last quarter. FMR LLC lifted its position in Coca-Cola Europacific Partners by 90.9% during the 2nd quarter. FMR LLC now owns 4,694,289 shares of the company’s stock worth $242,272,000 after acquiring an additional 2,235,425 shares during the last quarter. State Street Corp lifted its position in Coca-Cola Europacific Partners by 8.2% during the 3rd quarter. State Street Corp now owns 4,412,529 shares of the company’s stock worth $188,062,000 after acquiring an additional 333,403 shares during the last quarter. Wellington Management Group LLP lifted its position in Coca-Cola Europacific Partners by 20.0% during the 1st quarter. Wellington Management Group LLP now owns 3,865,724 shares of the company’s stock worth $187,912,000 after acquiring an additional 643,635 shares during the last quarter. Finally, Glenview Capital Management LLC lifted its position in Coca-Cola Europacific Partners by 12.8% during the 2nd quarter. Glenview Capital Management LLC now owns 3,210,186 shares of the company’s stock worth $165,678,000 after acquiring an additional 363,990 shares during the last quarter. 28.63% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Trading Up 1.4 %

NYSE:CCEP opened at $56.58 on Friday. Coca-Cola Europacific Partners PLC has a 12-month low of $41.80 and a 12-month high of $57.63. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.89 and a quick ratio of 0.71. The firm has a 50-day moving average price of $55.70 and a 200 day moving average price of $51.72.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the stock. Argus boosted their target price on shares of Coca-Cola Europacific Partners from $60.00 to $62.00 in a research report on Thursday. StockNews.com started coverage on shares of Coca-Cola Europacific Partners in a research report on Thursday. They set a “buy” rating for the company. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Coca-Cola Europacific Partners from $63.00 to $66.00 in a research report on Thursday, January 5th. Barclays cut their price objective on shares of Coca-Cola Europacific Partners from $69.00 to $67.00 and set an “overweight” rating for the company in a research report on Tuesday, February 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Coca-Cola Europacific Partners to €66.50 ($71.51) and gave the company an “overweight” rating in a research report on Thursday, December 1st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of “Moderate Buy” and an average price target of $61.67.

Coca-Cola Europacific Partners Company Profile

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Coca-Cola Europacific Partners plc engages in the distribution and sale of non-alcoholic ready to drink beverages. It operates through the following geographical segments: Iberia, Germany, Great Britain, France, Belgium/Luxembourg, Netherlands, Norway, Sweden, and Iceland. The company was founded on August 4, 2015 and is headquartered in Uxbridge, the United Kingdom.