HighTower Advisors LLC Has $3.13 Million Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

HighTower Advisors LLC cut its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 40,701 shares of the company’s stock after selling 486 shares during the period. HighTower Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $3,126,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. AGF Management Ltd. raised its position in shares of Coca-Cola Europacific Partners by 6.3% in the fourth quarter. AGF Management Ltd. now owns 4,234 shares of the company’s stock valued at $325,000 after buying an additional 250 shares in the last quarter. Daiwa Securities Group Inc. raised its position in shares of Coca-Cola Europacific Partners by 3.4% in the fourth quarter. Daiwa Securities Group Inc. now owns 47,117 shares of the company’s stock valued at $3,619,000 after buying an additional 1,560 shares in the last quarter. Moran Wealth Management LLC raised its position in shares of Coca-Cola Europacific Partners by 4.3% in the fourth quarter. Moran Wealth Management LLC now owns 46,122 shares of the company’s stock valued at $3,543,000 after buying an additional 1,905 shares in the last quarter. Amundi raised its position in shares of Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Amundi now owns 3,078,851 shares of the company’s stock valued at $233,716,000 after buying an additional 87,675 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in Coca-Cola Europacific Partners by 38.6% during the fourth quarter. PNC Financial Services Group Inc. now owns 19,948 shares of the company’s stock valued at $1,532,000 after purchasing an additional 5,554 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock opened at $84.92 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. Coca-Cola Europacific Partners PLC has a twelve month low of $65.94 and a twelve month high of $88.39. The stock has a market cap of $39.14 billion, a price-to-earnings ratio of 17.47, a P/E/G ratio of 4.89 and a beta of 0.91. The company’s fifty day moving average is $81.80 and its 200 day moving average is $79.19.

Analyst Upgrades and Downgrades

Several research analysts have commented on the stock. UBS Group boosted their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Sanford C. Bernstein assumed coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price objective for the company. JPMorgan Chase & Co. downgraded shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Finally, Evercore ISI boosted their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research report on Tuesday, February 18th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $86.88.

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.