Coca-Cola Europacific Partners $CCEP Shares Sold by Ingalls & Snyder LLC

Ingalls & Snyder LLC cut its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 4.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 17,617 shares of the company’s stock after selling 799 shares during the period. Ingalls & Snyder LLC’s holdings in Coca-Cola Europacific Partners were worth $1,633,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in CCEP. Vanguard Group Inc. increased its stake in Coca-Cola Europacific Partners by 462.7% during the first quarter. Vanguard Group Inc. now owns 9,883,600 shares of the company’s stock worth $862,167,000 after acquiring an additional 8,126,996 shares during the last quarter. Nuveen LLC acquired a new stake in Coca-Cola Europacific Partners during the first quarter worth about $162,036,000. Sumitomo Mitsui Trust Group Inc. increased its stake in Coca-Cola Europacific Partners by 253.8% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,948,024 shares of the company’s stock worth $169,537,000 after acquiring an additional 1,397,394 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Coca-Cola Europacific Partners by 24.3% during the first quarter. Goldman Sachs Group Inc. now owns 6,205,337 shares of the company’s stock worth $540,050,000 after acquiring an additional 1,214,493 shares during the last quarter. Finally, AGF Management Ltd. increased its stake in Coca-Cola Europacific Partners by 13,956.3% during the first quarter. AGF Management Ltd. now owns 595,143 shares of the company’s stock worth $51,795,000 after acquiring an additional 590,909 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on CCEP shares. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Coca-Cola Europacific Partners in a research report on Wednesday, October 8th. Barclays decreased their target price on 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. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. UBS Group upped their target price on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a “buy” rating in a research report on Wednesday, July 2nd. Finally, Wall Street Zen downgraded Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Five equities research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners currently has a consensus rating of “Hold” and an average target price of $92.40.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP opened at $91.45 on Monday. Coca-Cola Europacific Partners has a one year low of $73.40 and a one year 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. The stock has a 50-day moving average price of $89.41 and a 200 day moving average price of $91.22.

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.