Gradient Investments LLC Has $473,000 Stock Position in Coca-Cola Europacific Partners PLC (NYSE:CCEP)

Gradient Investments LLC lowered its position in shares of Coca-Cola Europacific Partners PLC (NYSE:CCEP – Get Rating) by 3.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,556 shares of the company’s stock after selling 341 shares during the quarter. Gradient Investments LLC’s holdings in Coca-Cola Europacific Partners were worth $473,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of CCEP. Naples Global Advisors LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 1.6% in the 2nd quarter. Naples Global Advisors LLC now owns 12,325 shares of the company’s stock valued at $636,000 after buying an additional 200 shares during the last quarter. Neo Ivy Capital Management boosted its holdings in shares of Coca-Cola Europacific Partners by 26.5% in the 3rd quarter. Neo Ivy Capital Management now owns 1,002 shares of the company’s stock valued at $43,000 after buying an additional 210 shares during the last quarter. NewEdge Wealth LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 3.5% in the 2nd quarter. NewEdge Wealth LLC now owns 8,076 shares of the company’s stock valued at $417,000 after buying an additional 270 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 2.0% in the 1st quarter. PNC Financial Services Group Inc. now owns 14,173 shares of the company’s stock valued at $690,000 after buying an additional 277 shares during the last quarter. Finally, Signaturefd LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 6.6% in the 3rd quarter. Signaturefd LLC now owns 4,680 shares of the company’s stock valued at $199,000 after buying an additional 290 shares during the last quarter. Institutional investors and hedge funds own 28.63% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $55.09 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 1.42. The business’s fifty day moving average price is $55.67 and its two-hundred day moving average price is $51.78. Coca-Cola Europacific Partners PLC has a fifty-two week low of $41.80 and a fifty-two week high of $57.63.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on CCEP shares. StockNews.com started coverage on Coca-Cola Europacific Partners in a report on Thursday. They issued a “buy” rating for the company. JPMorgan Chase & Co. increased their price target on Coca-Cola Europacific Partners to €66.50 ($71.51) and gave the company an “overweight” rating in a research note on Thursday, December 1st. Deutsche Bank Aktiengesellschaft increased their price target on Coca-Cola Europacific Partners from $63.00 to $66.00 in a research note on Thursday, January 5th. Argus increased their price target on Coca-Cola Europacific Partners from $60.00 to $62.00 in a research note on Thursday. Finally, Barclays dropped their price target on Coca-Cola Europacific Partners from $69.00 to $67.00 and set an “overweight” rating on the stock in a research note on Tuesday, February 21st. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $61.79.

Coca-Cola Europacific Partners Company Profile

(Get Rating)

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.