Private Trust Co. NA Sells 115 Shares of Coca-Cola Europacific Partners $CCEP

Private Trust Co. NA trimmed its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 5.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,907 shares of the company’s stock after selling 115 shares during the period. Private Trust Co. NA’s holdings in Coca-Cola Europacific Partners were worth $176,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. Invesco Ltd. boosted its holdings in Coca-Cola Europacific Partners by 2.1% in the 1st quarter. Invesco Ltd. now owns 10,335,894 shares of the company’s stock valued at $899,533,000 after purchasing an additional 215,966 shares during the period. Vanguard Group Inc. boosted its holdings in Coca-Cola Europacific Partners by 462.7% in the 1st quarter. Vanguard Group Inc. now owns 9,883,600 shares of the company’s stock valued at $862,167,000 after purchasing an additional 8,126,996 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Coca-Cola Europacific Partners by 24.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,205,337 shares of the company’s stock valued at $540,050,000 after purchasing an additional 1,214,493 shares during the period. Amundi boosted its holdings in Coca-Cola Europacific Partners by 1.6% in the 1st quarter. Amundi now owns 3,128,598 shares of the company’s stock valued at $281,009,000 after purchasing an additional 49,747 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Coca-Cola Europacific Partners by 4.9% during the 1st quarter. JPMorgan Chase & Co. now owns 3,030,119 shares of the company’s stock worth $263,711,000 after acquiring an additional 142,019 shares during the last quarter. 31.35% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on CCEP shares. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Barclays dropped their price objective on shares of 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. UBS Group lifted their price objective on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a “buy” rating in a report on Wednesday, July 2nd. Weiss Ratings reaffirmed a “buy (b+)” rating on shares of Coca-Cola Europacific Partners in a report on Wednesday, October 8th. Finally, Wall Street Zen downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $92.40.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP opened at $91.78 on Wednesday. The stock has a market cap of $42.31 billion, a PE ratio of 18.88, a PEG ratio of 2.60 and a beta of 0.77. The company’s fifty day moving average is $89.38 and its 200 day moving average is $90.98. Coca-Cola Europacific Partners has a 52 week low of $73.40 and a 52 week high of $100.67. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15.

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.