Wealth Enhancement Advisory Services LLC Cuts Stock Holdings in Coca-Cola Europacific Partners $CCEP

Wealth Enhancement Advisory Services LLC reduced its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 2.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,443 shares of the company’s stock after selling 1,245 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Coca-Cola Europacific Partners were worth $4,386,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Private Trust Co. NA grew its position in Coca-Cola Europacific Partners by 6.0% during the 1st quarter. Private Trust Co. NA now owns 2,022 shares of the company’s stock worth $176,000 after acquiring an additional 115 shares during the last quarter. BKM Wealth Management LLC grew its holdings in shares of Coca-Cola Europacific Partners by 1.6% in the first quarter. BKM Wealth Management LLC now owns 7,834 shares of the company’s stock worth $682,000 after purchasing an additional 124 shares during the last quarter. Assetmark Inc. grew its holdings in shares of Coca-Cola Europacific Partners by 107.3% in the first quarter. Assetmark Inc. now owns 284 shares of the company’s stock worth $25,000 after purchasing an additional 147 shares during the last quarter. RWA Wealth Partners LLC increased its stake in shares of Coca-Cola Europacific Partners by 0.3% in the first quarter. RWA Wealth Partners LLC now owns 53,905 shares of the company’s stock worth $4,691,000 after buying an additional 149 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. raised its holdings in Coca-Cola Europacific Partners by 2.5% during the 1st quarter. Connor Clark & Lunn Investment Management Ltd. now owns 6,177 shares of the company’s stock valued at $538,000 after buying an additional 150 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Down 0.4%

CCEP stock opened at $89.43 on Friday. Coca-Cola Europacific Partners has a fifty-two week low of $73.40 and a fifty-two week high of $100.67. The company has a market capitalization of $41.22 billion, a price-to-earnings ratio of 18.40, a price-to-earnings-growth ratio of 2.60 and a beta of 0.78. The business’s 50 day moving average price is $92.28 and its two-hundred day moving average price is $90.47. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on CCEP shares. Barclays cut their price target on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating on the stock in a report on Friday, August 8th. Morgan Stanley cut Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 7th. UBS Group upped their price target on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a “buy” rating in a research report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Finally, Wall Street Zen cut Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price 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.