Swiss National Bank Has $46.75 Million Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Swiss National Bank trimmed its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 608,614 shares of the company’s stock after selling 10,400 shares during the period. Swiss National Bank owned approximately 0.13% of Coca-Cola Europacific Partners worth $46,748,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of CCEP. Oppenheimer & Co. Inc. grew its stake in Coca-Cola Europacific Partners by 15.5% during the third quarter. Oppenheimer & Co. Inc. now owns 4,317 shares of the company’s stock worth $340,000 after buying an additional 579 shares in the last quarter. KBC Group NV grew its stake in Coca-Cola Europacific Partners by 1.5% during the third quarter. KBC Group NV now owns 36,638 shares of the company’s stock worth $2,885,000 after buying an additional 554 shares in the last quarter. Tokio Marine Asset Management Co. Ltd. grew its stake in Coca-Cola Europacific Partners by 4.7% during the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 6,949 shares of the company’s stock worth $547,000 after buying an additional 314 shares in the last quarter. CIBC Asset Management Inc grew its stake in Coca-Cola Europacific Partners by 3.8% during the third quarter. CIBC Asset Management Inc now owns 101,404 shares of the company’s stock worth $7,986,000 after buying an additional 3,742 shares in the last quarter. Finally, Pathstone Holdings LLC boosted its stake in shares of Coca-Cola Europacific Partners by 1.6% in the 3rd quarter. Pathstone Holdings LLC now owns 47,473 shares of the company’s stock valued at $3,738,000 after purchasing an additional 756 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Up 1.4 %

Coca-Cola Europacific Partners stock opened at $83.40 on Monday. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. Coca-Cola Europacific Partners PLC has a 52-week low of $65.94 and a 52-week high of $88.39. The firm has a 50 day moving average price of $80.81 and a two-hundred day moving average price of $79.00. The firm has a market cap of $38.44 billion, a price-to-earnings ratio of 17.16, a PEG ratio of 4.89 and a beta of 0.91.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on CCEP shares. Sanford C. Bernstein started coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price target on the stock. JPMorgan Chase & Co. downgraded shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. Barclays raised their price target on shares of Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the company an “overweight” rating in a research note on Thursday, March 6th. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Finally, UBS Group raised their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $86.67.

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.