J. Safra Sarasin Holding AG Decreases Stock Position in Coca-Cola Europacific Partners $CCEP

J. Safra Sarasin Holding AG lessened its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 3.9% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 120,745 shares of the company’s stock after selling 4,891 shares during the quarter. J. Safra Sarasin Holding AG’s holdings in Coca-Cola Europacific Partners were worth $11,195,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Assetmark Inc. raised its position in shares of Coca-Cola Europacific Partners by 107.3% in the 1st quarter. Assetmark Inc. now owns 284 shares of the company’s stock valued at $25,000 after purchasing an additional 147 shares during the last quarter. NBC Securities Inc. acquired a new position in Coca-Cola Europacific Partners during the 1st quarter valued at approximately $28,000. Cullen Frost Bankers Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 204.2% in the first quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company’s stock worth $32,000 after buying an additional 245 shares during the last quarter. HM Payson & Co. purchased a new position in Coca-Cola Europacific Partners in the 1st quarter worth $33,000. Finally, Motco lifted its holdings in shares of Coca-Cola Europacific Partners by 285.7% during the first quarter. Motco now owns 405 shares of the company’s stock worth $35,000 after purchasing an additional 300 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the company. Wall Street Zen cut Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Morgan Stanley cut Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 7th. UBS Group increased their price target on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. Finally, Barclays decreased their price target on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $92.40.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $87.83 on Friday. Coca-Cola Europacific Partners has a twelve month low of $73.40 and a twelve month high of $100.67. The firm’s fifty day simple moving average is $91.35 and its 200 day simple moving average is $90.68. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $40.49 billion, a price-to-earnings ratio of 18.07, a PEG ratio of 2.53 and a beta of 0.76.

About Coca-Cola Europacific Partners

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.