Aviso Financial Inc. Decreases Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Aviso Financial Inc. reduced its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 33.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 3,557 shares of the company’s stock after selling 1,787 shares during the period. Aviso Financial Inc.’s holdings in Coca-Cola Europacific Partners were worth $273,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in CCEP. SBI Securities Co. Ltd. purchased a new position in Coca-Cola Europacific Partners during the 4th quarter worth $27,000. MassMutual Private Wealth & Trust FSB boosted its holdings in Coca-Cola Europacific Partners by 85.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after acquiring an additional 197 shares in the last quarter. Plato Investment Management Ltd purchased a new stake in shares of Coca-Cola Europacific Partners during the third quarter worth about $50,000. Whipplewood Advisors LLC acquired a new position in shares of Coca-Cola Europacific Partners during the fourth quarter valued at about $52,000. Finally, Brown Brothers Harriman & Co. raised its position in shares of Coca-Cola Europacific Partners by 1,604.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock valued at $67,000 after purchasing an additional 802 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock opened at $83.40 on Friday. The stock has a market cap of $38.44 billion, a PE ratio of 17.16, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a 52-week low of $65.94 and a 52-week high of $88.39. The business has a 50-day simple moving average of $80.81 and a 200-day simple moving average of $79.01. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11.

Wall Street Analysts Forecast Growth

CCEP has been the topic of several research analyst reports. 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. Sanford C. Bernstein assumed coverage on shares of Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price objective on the stock. UBS Group raised their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. Finally, Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. One analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Coca-Cola Europacific Partners currently has a consensus rating of “Moderate Buy” and an average price target of $86.67.

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.