Coca-Cola Europacific Partners $CCEP Shares Sold by Dorsey & Whitney Trust CO LLC

Dorsey & Whitney Trust CO LLC lessened its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 7.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,920 shares of the company’s stock after selling 399 shares during the period. Dorsey & Whitney Trust CO LLC’s holdings in Coca-Cola Europacific Partners were worth $428,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Assetmark Inc. increased its position in 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 purchasing an additional 147 shares during the period. NBC Securities Inc. acquired a new position in Coca-Cola Europacific Partners during the 1st quarter worth approximately $28,000. Optiver Holding B.V. acquired a new position in Coca-Cola Europacific Partners during the 4th quarter worth approximately $29,000. Cullen Frost Bankers Inc. increased its position in 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 purchasing an additional 245 shares during the period. Finally, HM Payson & Co. acquired a new position in Coca-Cola Europacific Partners during the 1st quarter worth approximately $33,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

CCEP opened at $90.34 on Friday. The stock has a market cap of $41.64 billion, a P/E ratio of 18.59, a P/E/G ratio of 2.65 and a beta of 0.75. 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’s 50 day simple moving average is $94.63 and its 200 day simple moving average is $89.66. Coca-Cola Europacific Partners has a 1-year low of $73.40 and a 1-year high of $100.67.

Analyst Ratings Changes

CCEP has been the topic of several recent analyst reports. Morgan Stanley cut Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. Barclays dropped their target price on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating on the stock in a research 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, 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 report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $90.43.

About Coca-Cola Europacific Partners

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.