Schwartz Investment Counsel Inc. Cuts Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Schwartz Investment Counsel Inc. trimmed its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 556,300 shares of the company’s stock after selling 12,200 shares during the period. Coca-Cola Europacific Partners comprises 1.5% of Schwartz Investment Counsel Inc.’s investment portfolio, making the stock its 22nd largest position. Schwartz Investment Counsel Inc. owned 0.12% of Coca-Cola Europacific Partners worth $42,729,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of CCEP. AQR Capital Management LLC bought a new stake in shares of Coca-Cola Europacific Partners in the 2nd quarter worth approximately $361,000. CWM LLC lifted its stake in Coca-Cola Europacific Partners by 14.5% in the third quarter. CWM LLC now owns 1,318 shares of the company’s stock worth $104,000 after purchasing an additional 167 shares during the last quarter. Redhawk Wealth Advisors Inc. purchased a new stake in Coca-Cola Europacific Partners during the third quarter valued at about $362,000. Creative Planning grew its stake in shares of Coca-Cola Europacific Partners by 2.9% during the third quarter. Creative Planning now owns 33,685 shares of the company’s stock valued at $2,653,000 after buying an additional 942 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its holdings in shares of Coca-Cola Europacific Partners by 2,575.0% in the third quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company’s stock worth $20,244,000 after buying an additional 246,458 shares during the period. Institutional investors own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. JPMorgan Chase & Co. lowered Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and reduced their price target for the stock from $85.00 to $82.00 in a research report on Wednesday, November 27th. Barclays decreased their target price on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Evercore ISI increased their price target on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Sanford C. Bernstein started coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price objective on the stock. Finally, Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $84.11.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock opened at $81.53 on Wednesday. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. The company’s fifty day moving average price is $77.16 and its 200-day moving average price is $77.47. Coca-Cola Europacific Partners PLC has a 12 month low of $65.77 and a 12 month high of $82.32.

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.