J. Safra Sarasin Holding AG Decreases Stock Holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP)

Key Points

• J. Safra Sarasin Holding AG reported a 9.8% decrease in its holdings of Coca-Cola Europacific Partners, now owning 125,636 shares valued at approximately $10.93 million.
• Several institutional investors, including Private Trust Co. NA and BKM Wealth Management LLC, increased their stakes, with institutional ownership at around 31.35%.
• Analysts have mixed ratings for Coca-Cola Europacific Partners; Barclays raised its price target to $104.00, while Wall Street Zen downgraded its rating to "hold."

J. Safra Sarasin Holding AG lowered its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 9.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 125,636 shares of the company's stock after selling 13,722 shares during the period. J. Safra Sarasin Holding AG's holdings in Coca-Cola Europacific Partners were worth $10,934,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. PNC Financial Services Group Inc. increased its holdings in Coca-Cola Europacific Partners by 4.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 20,904 shares of the company's stock worth $1,819,000 after purchasing an additional 956 shares in the last quarter. Blueshift Asset Management LLC bought a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter valued at about $221,000. US Bancorp DE grew its position in shares of Coca-Cola Europacific Partners by 14.0% in the 1st quarter. US Bancorp DE now owns 73,501 shares of the company's stock valued at $6,397,000 after buying an additional 9,000 shares during the last quarter. Wealthquest Corp bought a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter valued at about $435,000. Finally, Vestcor Inc grew its position in shares of Coca-Cola Europacific Partners by 20.1% in the 1st quarter. Vestcor Inc now owns 69,365 shares of the company's stock valued at $6,037,000 after buying an additional 11,589 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on CCEP shares. UBS Group upped their price target on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Barclays reiterated an "overweight" rating and issued a $104.00 price target (up previously from $101.00) on shares of Coca-Cola Europacific Partners in a research report on Tuesday, July 15th. Finally, Wall Street Zen lowered Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $90.57.

Coca-Cola Europacific Partners Stock Up 0.6%

Shares of Coca-Cola Europacific Partners stock traded up $0.61 on Monday, hitting $97.88. The company had a trading volume of 1,944,765 shares, compared to its average volume of 1,584,195. The stock has a market capitalization of $45.12 billion, a price-to-earnings ratio of 20.14, a P/E/G ratio of 4.95 and a beta of 0.75. Coca-Cola Europacific Partners has a 1 year low of $71.49 and a 1 year high of $100.67. The stock has a 50 day moving average of $94.28 and a 200-day moving average of $88.25. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.62 and a current ratio of 0.81.

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.