25,610 Coca-Cola Europacific Partners $CCEP Shares Sold by Smith Group Asset Management LLC

Smith Group Asset Management LLC cut its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 89.8% in the third quarter, Holdings Channel reports. The firm owned 2,900 shares of the company’s stock after selling 25,610 shares during the period. Smith Group Asset Management LLC’s holdings in Coca-Cola Europacific Partners were worth $295,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of CCEP. Amundi raised its position in shares of Coca-Cola Europacific Partners by 13.4% in the first quarter. Amundi now owns 3,399,052 shares of the company’s stock valued at $308,192,000 after purchasing an additional 401,683 shares during the period. Bank of America Corp DE grew its position in shares of Coca-Cola Europacific Partners by 0.6% in the first quarter. Bank of America Corp DE now owns 2,692,575 shares of the company’s stock valued at $244,136,000 after purchasing an additional 17,036 shares during the last quarter. Bessemer Group Inc. increased its stake in shares of Coca-Cola Europacific Partners by 14.5% in the first quarter. Bessemer Group Inc. now owns 2,289,254 shares of the company’s stock worth $207,568,000 after purchasing an additional 289,080 shares during the period. Janus Henderson Group PLC bought a new position in shares of Coca-Cola Europacific Partners in the first quarter worth about $97,058,000. Finally, Swiss National Bank lifted its position in shares of Coca-Cola Europacific Partners by 26.9% during the 1st quarter. Swiss National Bank now owns 719,614 shares of the company’s stock worth $65,247,000 after purchasing an additional 152,400 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Stock Down 0.2%

NASDAQ CCEP opened at $110.94 on Friday. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.68 and a current ratio of 0.89. The company’s fifty day moving average is $105.92 and its two-hundred day moving average is $100.49. Coca-Cola Europacific Partners has a 52-week low of $84.65 and a 52-week high of $114.55.

Analysts Set New Price Targets

Several analysts recently weighed in on CCEP shares. Wells Fargo & Company decreased their target price on Coca-Cola Europacific Partners from $120.00 to $115.00 and set an “overweight” rating for the company in a research note on Monday, October 5th. Weiss Ratings raised Coca-Cola Europacific Partners from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, October 15th. JPMorgan Chase & Co. began coverage on Coca-Cola Europacific Partners in a research report on Friday, September 4th. They issued an “underweight” rating and a $92.00 price target on the stock. Barclays cut their price target on Coca-Cola Europacific Partners from $119.00 to $112.00 and set an “overweight” rating for the company in a report on Friday, October 16th. Finally, ING Group cut Coca-Cola Europacific Partners to a “hold” rating in a research report on Friday, September 18th. One analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $107.11.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners plc (NASDAQ: CCEP) is a consumer beverage company and one of the world’s largest Coca-Cola bottlers. The company manufactures, distributes and sells a broad portfolio of branded beverages, including Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Fuze Tea, Powerade, Monster Energy and Costa Coffee products, depending on the market.

CCEP serves customers across Europe and the Asia-Pacific region. Its territories include Great Britain, France, Germany, Spain, Portugal, Belgium, the Netherlands, Norway, Sweden and Iceland, as well as Australia, New Zealand, Indonesia, Papua New Guinea and several Pacific island markets.