Charles Schwab Investment Management Inc. Sells 10,457 Shares of Coca-Cola Europacific Partners $CCEP

Key Points

• Charles Schwab Investment Management Inc. sold 10,457 shares of Coca-Cola Europacific Partners, reducing its holdings by 4.3%, leaving it with 231,420 shares valued at approximately $20.14 million.
• Several institutional investors have recently increased their stakes in Coca-Cola Europacific Partners, with Assetmark Inc. raising its position by 107.3% during the same period.
• The stock currently has an average rating of "Moderate Buy" from analysts, with a price target of $90.43 despite mixed ratings from various financial firms.

Charles Schwab Investment Management Inc. decreased its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 4.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 231,420 shares of the company's stock after selling 10,457 shares during the quarter. Charles Schwab Investment Management Inc. owned approximately 0.05% of Coca-Cola Europacific Partners worth $20,140,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assetmark Inc. raised its position in shares of Coca-Cola Europacific Partners by 107.3% in the first quarter. Assetmark Inc. now owns 284 shares of the company's stock valued at $25,000 after purchasing an additional 147 shares during the period. NBC Securities Inc. acquired a new position in Coca-Cola Europacific Partners in the 1st quarter valued at about $28,000. Optiver Holding B.V. acquired a new position in Coca-Cola Europacific Partners in the 4th quarter valued at about $29,000. Cullen Frost Bankers Inc. raised its holdings in Coca-Cola Europacific Partners by 204.2% in the 1st quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company's stock valued at $32,000 after acquiring an additional 245 shares during the period. Finally, HM Payson & Co. acquired a new stake in Coca-Cola Europacific Partners during the first quarter worth approximately $33,000. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Performance

CCEP opened at $91.19 on Friday. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83. Coca-Cola Europacific Partners has a 52-week low of $73.40 and a 52-week high of $100.67. The firm has a market cap of $42.03 billion, a P/E ratio of 18.76, a price-to-earnings-growth ratio of 2.69 and a beta of 0.75. The business's fifty day moving average is $94.68 and its 200-day moving average is $89.57.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. Wall Street Zen cut Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Morgan Stanley lowered Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a report on Thursday, August 7th. Barclays lowered their price objective on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Finally, UBS Group lifted their target price on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average price target of $90.43.

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.

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