Coca-Cola Europacific Partners $CCEP Shares Sold by Tevis Investment Management

Tevis Investment Management decreased its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 0.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 74,715 shares of the company’s stock after selling 600 shares during the quarter. Coca-Cola Europacific Partners comprises approximately 4.4% of Tevis Investment Management’s investment portfolio, making the stock its 2nd largest holding. Tevis Investment Management’s holdings in Coca-Cola Europacific Partners were worth $6,928,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Assetmark Inc. grew its position in shares of Coca-Cola Europacific Partners by 107.3% during the 1st quarter. Assetmark Inc. now owns 284 shares of the company’s stock worth $25,000 after buying an additional 147 shares during the period. Cullen Frost Bankers Inc. grew its position in shares of Coca-Cola Europacific Partners by 204.2% during the 1st 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 period. HM Payson & Co. acquired a new stake in shares of Coca-Cola Europacific Partners during the 1st quarter worth approximately $33,000. Motco grew its position in shares of Coca-Cola Europacific Partners by 285.7% during the 1st quarter. Motco now owns 405 shares of the company’s stock worth $35,000 after buying an additional 300 shares during the period. Finally, Quarry LP grew its position in shares of Coca-Cola Europacific Partners by 115.8% during the 1st quarter. Quarry LP now owns 436 shares of the company’s stock worth $38,000 after buying an additional 234 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $91.53 on Tuesday. The company has a fifty day simple moving average of $89.45 and a 200 day simple moving average of $91.27. Coca-Cola Europacific Partners has a 12-month low of $73.40 and a 12-month high of $100.67. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Wall Street Zen downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Morgan Stanley downgraded shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 7th. Barclays reduced their price objective on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Coca-Cola Europacific Partners in a research report on Wednesday, October 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $92.40.

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.