NewEdge Wealth LLC Sells 1,275 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

NewEdge Wealth LLC trimmed its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 20.2% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 5,025 shares of the company’s stock after selling 1,275 shares during the period. NewEdge Wealth LLC’s holdings in Coca-Cola Europacific Partners were worth $335,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. KB Financial Partners LLC bought a new position in Coca-Cola Europacific Partners in the 1st quarter valued at $33,000. Global Retirement Partners LLC boosted its position in Coca-Cola Europacific Partners by 97.5% in the 3rd quarter. Global Retirement Partners LLC now owns 644 shares of the company’s stock valued at $39,000 after buying an additional 318 shares during the last quarter. Neo Ivy Capital Management bought a new position in Coca-Cola Europacific Partners in the 2nd quarter valued at $40,000. China Universal Asset Management Co. Ltd. bought a new position in Coca-Cola Europacific Partners in the 4th quarter valued at $61,000. Finally, NBC Securities Inc. bought a new position in Coca-Cola Europacific Partners in the 3rd quarter valued at $73,000. 31.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on CCEP shares. StockNews.com upgraded Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research report on Monday, February 26th. BNP Paribas upgraded Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price target on the stock in a research report on Friday, January 12th. Deutsche Bank Aktiengesellschaft raised their price target on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Barclays raised their price target on Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Finally, Argus raised their price target on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and an average target price of $74.02.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock opened at $66.35 on Thursday. Coca-Cola Europacific Partners PLC has a 52 week low of $56.28 and a 52 week high of $72.67. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27. The stock has a 50-day simple moving average of $69.30 and a 200 day simple moving average of $65.22.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last issued its quarterly earnings data on Friday, February 23rd. The company reported $1.85 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $1.85. As a group, sell-side analysts forecast that Coca-Cola Europacific Partners PLC will post 4.18 earnings per share for the current fiscal year.

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.