Private Management Group Inc. Trims Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Private Management Group Inc. decreased its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 4.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 238,052 shares of the company’s stock after selling 10,750 shares during the quarter. Private Management Group Inc.’s holdings in Coca-Cola Europacific Partners were worth $17,347,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CCEP. Voisard Asset Management Group Inc. bought a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth about $33,000. Benjamin F. Edwards & Company Inc. grew its holdings in Coca-Cola Europacific Partners by 220.0% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 512 shares of the company’s stock worth $34,000 after purchasing an additional 352 shares during the period. Crewe Advisors LLC bought a new position in shares of Coca-Cola Europacific Partners during the first quarter valued at approximately $36,000. New Covenant Trust Company N.A. purchased a new position in shares of Coca-Cola Europacific Partners during the first quarter valued at approximately $36,000. Finally, New Millennium Group LLC bought a new stake in shares of Coca-Cola Europacific Partners in the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Down 0.8 %

Shares of NASDAQ:CCEP opened at $80.75 on Monday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners PLC has a 1 year low of $56.28 and a 1 year high of $81.83. The stock’s fifty day moving average price is $75.51 and its 200-day moving average price is $72.98.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on the company. Barclays raised their price objective on Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Bank of America raised their price target on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, July 10th. Finally, StockNews.com cut shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research note on Sunday, May 19th. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $78.11.

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.