Schechter Investment Advisors LLC Has $280,000 Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Schechter Investment Advisors LLC cut its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 54.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,642 shares of the company’s stock after selling 4,356 shares during the quarter. Schechter Investment Advisors LLC’s holdings in Coca-Cola Europacific Partners were worth $280,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in Coca-Cola Europacific Partners during the fourth quarter worth $27,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Coca-Cola Europacific Partners by 85.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after purchasing an additional 197 shares during the period. Plato Investment Management Ltd acquired a new position in shares of Coca-Cola Europacific Partners during the third quarter valued at about $50,000. Whipplewood Advisors LLC bought a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at about $52,000. Finally, Brown Brothers Harriman & Co. grew its position in Coca-Cola Europacific Partners by 1,604.0% during the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock worth $67,000 after buying an additional 802 shares in the last quarter. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Trading Down 1.3 %

Shares of CCEP stock opened at $84.69 on Thursday. The company has a market capitalization of $39.04 billion, a P/E ratio of 17.43, a P/E/G ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a 12-month low of $65.94 and a 12-month high of $88.39. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm has a 50-day moving average price of $79.92 and a 200 day moving average price of $78.79.

Wall Street Analysts Forecast Growth

Several research firms have commented on CCEP. Sanford C. Bernstein began coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price target for the company. Evercore ISI upped their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. 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 report on Thursday, December 12th. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Finally, Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $85.00.

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.