Schwartz Investment Counsel Inc. Reduces Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Schwartz Investment Counsel Inc. trimmed its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 0.2% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 568,500 shares of the company’s stock after selling 1,000 shares during the quarter. Coca-Cola Europacific Partners accounts for approximately 1.6% of Schwartz Investment Counsel Inc.’s investment portfolio, making the stock its 24th largest position. Schwartz Investment Counsel Inc. owned 0.12% of Coca-Cola Europacific Partners worth $44,769,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently bought and sold shares of CCEP. Hennion & Walsh Asset Management Inc. boosted its stake in Coca-Cola Europacific Partners by 21.4% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 12,206 shares of the company’s stock worth $854,000 after buying an additional 2,150 shares during the period. Skyline Advisors Inc. purchased a new stake in shares of Coca-Cola Europacific Partners during the first quarter valued at $205,000. BKM Wealth Management LLC boosted its stake in shares of Coca-Cola Europacific Partners by 31.7% during the first quarter. BKM Wealth Management LLC now owns 7,152 shares of the company’s stock valued at $500,000 after purchasing an additional 1,720 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in shares of Coca-Cola Europacific Partners by 55.1% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 81,366 shares of the company’s stock valued at $5,756,000 after purchasing an additional 28,908 shares during the period. Finally, Norden Group LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the first quarter valued at $483,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock opened at $77.90 on Friday. The company has a market capitalization of $35.58 billion, a PE ratio of 16.61, a P/E/G ratio of 3.54 and a beta of 0.90. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. The company has a 50-day simple moving average of $78.98 and a two-hundred day simple moving average of $74.92. Coca-Cola Europacific Partners PLC has a one year low of $57.48 and a one year high of $82.32.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Bank of America boosted their target price on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. BNP Paribas downgraded Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective for the company. in a report on Tuesday, September 10th. Finally, Barclays decreased their price objective on Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating for the company in a report on Friday, October 11th. Two analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and an average target price of $80.88.

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.