Atlas Capital Advisors Inc. Has $260,000 Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Atlas Capital Advisors Inc. trimmed its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 18.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,390 shares of the company’s stock after selling 792 shares during the quarter. Atlas Capital Advisors Inc.’s holdings in Coca-Cola Europacific Partners were worth $260,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Amundi increased its holdings in Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Amundi now owns 3,078,851 shares of the company’s stock valued at $233,716,000 after purchasing an additional 87,675 shares during the period. JPMorgan Chase & Co. increased its stake in shares of Coca-Cola Europacific Partners by 43.3% in the fourth quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company’s stock valued at $221,835,000 after buying an additional 872,060 shares during the period. Norges Bank acquired a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at about $190,999,000. Geode Capital Management LLC raised its position in shares of Coca-Cola Europacific Partners by 4.0% during the fourth quarter. Geode Capital Management LLC now owns 2,130,501 shares of the company’s stock worth $162,748,000 after acquiring an additional 82,325 shares during the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Coca-Cola Europacific Partners by 15.9% in the fourth quarter. Franklin Resources Inc. now owns 762,977 shares of the company’s stock valued at $58,604,000 after acquiring an additional 104,423 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP opened at $83.93 on Friday. The stock’s 50 day moving average is $83.77 and its 200-day moving average is $79.55. Coca-Cola Europacific Partners PLC has a twelve month low of $65.94 and a twelve month high of $91.29. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $38.69 billion, a price-to-earnings ratio of 17.27, a PEG ratio of 4.89 and a beta of 0.73.

Analyst Ratings Changes

Several research analysts have issued reports on the stock. Barclays raised their price target on shares of Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an “overweight” rating in a report on Thursday, March 27th. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. UBS Group increased their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Finally, Evercore ISI raised their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, four have given a hold rating, six have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

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.