TD Private Client Wealth LLC Has $1.01 Million Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

TD Private Client Wealth LLC reduced its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 8.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,159 shares of the company’s stock after selling 1,199 shares during the quarter. TD Private Client Wealth LLC’s holdings in Coca-Cola Europacific Partners were worth $1,011,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in CCEP. Amundi increased its stake in shares of Coca-Cola Europacific Partners by 2.9% in the 4th quarter. Amundi now owns 3,078,851 shares of the company’s stock valued at $233,716,000 after acquiring an additional 87,675 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Coca-Cola Europacific Partners by 307.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock worth $191,984,000 after purchasing an additional 1,839,321 shares during the period. Geode Capital Management LLC increased its stake in Coca-Cola Europacific Partners by 2.9% in the third quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock valued at $160,138,000 after purchasing an additional 58,247 shares in the last quarter. Janus Henderson Group PLC acquired a new position in shares of Coca-Cola Europacific Partners during the third quarter valued at about $52,364,000. Finally, Bank of New York Mellon Corp boosted its position in shares of Coca-Cola Europacific Partners by 0.6% during the 4th quarter. Bank of New York Mellon Corp now owns 643,090 shares of the company’s stock worth $49,396,000 after purchasing an additional 3,719 shares in the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on CCEP. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Evercore ISI boosted their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Barclays increased their target price on Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the stock an “overweight” rating in a report on Thursday, March 6th. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their price objective for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $86.88.

Coca-Cola Europacific Partners Price Performance

CCEP opened at $84.92 on Monday. Coca-Cola Europacific Partners PLC has a 1 year low of $65.94 and a 1 year high of $88.39. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The company has a market capitalization 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 firm’s fifty day moving average price is $81.80 and its two-hundred day moving average price is $79.16.

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.