Zurcher Kantonalbank Zurich Cantonalbank Cuts Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Zurcher Kantonalbank Zurich Cantonalbank trimmed its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 15.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 151,822 shares of the company's stock after selling 28,437 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Coca-Cola Europacific Partners were worth $10,133,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of CCEP. Beverly Hills Private Wealth LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 9.0% in the fourth quarter. Beverly Hills Private Wealth LLC now owns 16,098 shares of the company's stock valued at $1,074,000 after purchasing an additional 1,334 shares in the last quarter. Vontobel Holding Ltd. lifted its stake in Coca-Cola Europacific Partners by 1.0% in the fourth quarter. Vontobel Holding Ltd. now owns 33,938 shares of the company's stock valued at $2,267,000 after purchasing an additional 324 shares during the last quarter. Silchester International Investors LLP bought a new position in Coca-Cola Europacific Partners during the fourth quarter valued at $3,678,000. Louisiana State Employees Retirement System purchased a new stake in Coca-Cola Europacific Partners in the fourth quarter worth $2,423,000. Finally, Cerity Partners LLC lifted its position in shares of Coca-Cola Europacific Partners by 13.5% during the 4th quarter. Cerity Partners LLC now owns 10,926 shares of the company's stock valued at $729,000 after buying an additional 1,302 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have commented on CCEP. UBS Group upped their price objective on shares of Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a "buy" rating in a report on Monday, February 26th. Argus upped their price target on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a "buy" rating in a research note on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a "buy" rating in a research note on Thursday, March 28th. Barclays increased their target price on Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the stock an "overweight" rating in a research report on Tuesday, February 27th. Finally, StockNews.com raised Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a report on Monday, February 26th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $74.02.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP stock traded up $0.98 during trading on Friday, hitting $67.58. The company had a trading volume of 1,472,177 shares, compared to its average volume of 1,215,798. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 1.27. Coca-Cola Europacific Partners PLC has a 52 week low of $56.28 and a 52 week high of $72.67. The stock's 50-day moving average is $69.30 and its two-hundred day moving average is $65.31.

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) last announced its quarterly earnings results on Friday, February 23rd. The company reported $1.85 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $1.85. Research analysts predict that Coca-Cola Europacific Partners PLC will post 4.18 EPS for the current fiscal year.

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.