Schwartz Investment Counsel Inc. Sells 25,000 Shares of Coca-Cola Europacific Partners $CCEP

Schwartz Investment Counsel Inc. trimmed its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 4.5% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 531,300 shares of the company’s stock after selling 25,000 shares during the period. Coca-Cola Europacific Partners accounts for approximately 1.6% of Schwartz Investment Counsel Inc.’s portfolio, making the stock its 20th largest holding. Schwartz Investment Counsel Inc.’s holdings in Coca-Cola Europacific Partners were worth $49,262,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Assetmark Inc. grew its holdings in Coca-Cola Europacific Partners by 107.3% during the first quarter. Assetmark Inc. now owns 284 shares of the company’s stock valued at $25,000 after purchasing an additional 147 shares during the period. Cullen Frost Bankers Inc. grew its holdings in Coca-Cola Europacific Partners by 204.2% during the first quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company’s stock valued at $32,000 after purchasing an additional 245 shares during the period. HM Payson & Co. bought a new position in Coca-Cola Europacific Partners during the first quarter valued at $33,000. Motco grew its holdings in Coca-Cola Europacific Partners by 285.7% during the first quarter. Motco now owns 405 shares of the company’s stock valued at $35,000 after purchasing an additional 300 shares during the period. Finally, Quarry LP grew its holdings in Coca-Cola Europacific Partners by 115.8% during the first quarter. Quarry LP now owns 436 shares of the company’s stock valued at $38,000 after purchasing an additional 234 shares during the period. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Trading Up 0.3%

Shares of CCEP stock opened at $90.78 on Tuesday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83. Coca-Cola Europacific Partners has a 52-week low of $73.40 and a 52-week high of $100.67. The company has a market capitalization of $41.85 billion, a PE ratio of 18.68, a price-to-earnings-growth ratio of 2.59 and a beta of 0.76. The business’s fifty day moving average is $89.40 and its 200 day moving average is $90.97.

Analyst Ratings Changes

A number of research firms have recently commented on CCEP. Barclays cut their price target on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Wall Street Zen lowered Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. UBS Group raised 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. Morgan Stanley lowered Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $92.40.

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.