Alliancebernstein L.P. Has $110.17 Million Stock Holdings in Coca-Cola Europacific Partners $CCEP

Key Points

• Alliancebernstein L.P. decreased its holdings in Coca-Cola Europacific Partners by 11.2%, now owning approximately 1,265,880 shares worth $110.17 million.
• Multiple large investors have altered their positions in Coca-Cola Europacific Partners, including Assetmark Inc. which increased its stake by 107.3% in the same quarter.
• Analysts have varied opinions on the stock, with a consensus rating of "Moderate Buy" and a target price of $90.43 according to MarketBeat.

Alliancebernstein L.P. decreased its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 11.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,265,880 shares of the company's stock after selling 159,879 shares during the period. Alliancebernstein L.P. owned about 0.27% of Coca-Cola Europacific Partners worth $110,170,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in CCEP. Assetmark Inc. boosted its position in shares of Coca-Cola Europacific Partners by 107.3% during the 1st quarter. Assetmark Inc. now owns 284 shares of the company's stock worth $25,000 after acquiring an additional 147 shares in the last quarter. NBC Securities Inc. acquired a new stake in shares of Coca-Cola Europacific Partners during the 1st quarter worth approximately $28,000. Cullen Frost Bankers Inc. boosted its position in shares of Coca-Cola Europacific Partners by 204.2% during the 1st quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company's stock worth $32,000 after acquiring an additional 245 shares in the last quarter. HM Payson & Co. acquired a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter valued at approximately $33,000. Finally, Motco boosted its stake in shares of Coca-Cola Europacific Partners by 285.7% in the 1st quarter. Motco now owns 405 shares of the company's stock valued at $35,000 after purchasing an additional 300 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the stock. UBS Group raised their price target on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a research note on Wednesday, July 2nd. Barclays reduced their price target on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating on the stock in a research note on Friday, August 8th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Coca-Cola Europacific Partners in a research note on Friday, August 8th. Morgan Stanley downgraded shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research note on Thursday, August 7th. Finally, Wall Street Zen downgraded shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Coca-Cola Europacific Partners currently has a consensus rating of "Moderate Buy" and a consensus target price of $90.43.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP opened at $88.88 on Friday. The firm has a market cap of $40.97 billion, a PE ratio of 18.29, a price-to-earnings-growth ratio of 2.54 and a beta of 0.78. Coca-Cola Europacific Partners has a 52 week low of $73.40 and a 52 week high of $100.67. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83. The firm's fifty day moving average is $93.87 and its 200-day moving average is $90.09.

Coca-Cola Europacific Partners 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.

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