Beverly Hills Private Wealth LLC Sells 786 Shares of Coca-Cola Europacific Partners $CCEP

Beverly Hills Private Wealth LLC cut its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 10.5% during the second quarter, Holdings Channel.com reports. The fund owned 6,696 shares of the company’s stock after selling 786 shares during the period. Beverly Hills Private Wealth LLC’s holdings in Coca-Cola Europacific Partners were worth $621,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in CCEP. Assetmark Inc. boosted its stake in Coca-Cola Europacific Partners by 107.3% in the 1st quarter. Assetmark Inc. now owns 284 shares of the company’s stock worth $25,000 after purchasing an additional 147 shares during the period. Cullen Frost Bankers Inc. boosted its stake in Coca-Cola Europacific Partners by 204.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company’s stock worth $32,000 after purchasing an additional 245 shares during the period. HM Payson & Co. bought a new position in Coca-Cola Europacific Partners in the 1st quarter worth approximately $33,000. Motco boosted its stake in Coca-Cola Europacific Partners by 285.7% in the 1st quarter. Motco now owns 405 shares of the company’s stock worth $35,000 after purchasing an additional 300 shares during the period. Finally, Quarry LP boosted its stake in Coca-Cola Europacific Partners by 115.8% in the 1st quarter. Quarry LP now owns 436 shares of the company’s stock worth $38,000 after purchasing an additional 234 shares during the period. 31.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

CCEP has been the subject of several recent analyst reports. UBS Group upped their price target on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a “buy” rating in a research note on Wednesday, July 2nd. Weiss Ratings restated a “buy (b+)” rating on shares of Coca-Cola Europacific Partners in a research note on Wednesday, October 8th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Wall Street Zen cut Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Finally, Morgan Stanley cut Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 7th. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average target price of $92.40.

Coca-Cola Europacific Partners Stock Up 0.3%

Shares of CCEP opened at $90.78 on Tuesday. The stock has a market capitalization of $41.85 billion, a price-to-earnings ratio of 18.68, a price-to-earnings-growth ratio of 2.59 and a beta of 0.76. Coca-Cola Europacific Partners has a 1 year low of $73.40 and a 1 year high of $100.67. The business’s 50 day simple moving average is $89.40 and its 200-day simple moving average is $90.97. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65.

Coca-Cola Europacific Partners 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.