BKM Wealth Management LLC Trims Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

BKM Wealth Management LLC reduced its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 8.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,710 shares of the company’s stock after selling 732 shares during the period. BKM Wealth Management LLC’s holdings in Coca-Cola Europacific Partners were worth $592,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Whittier Trust Co. of Nevada Inc. grew its position in Coca-Cola Europacific Partners by 38.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock worth $40,000 after acquiring an additional 139 shares in the last quarter. Janney Capital Management LLC grew its position in Coca-Cola Europacific Partners by 4.4% in the third quarter. Janney Capital Management LLC now owns 3,417 shares of the company’s stock worth $269,000 after acquiring an additional 145 shares in the last quarter. Moody Lynn & Lieberson LLC grew its position in Coca-Cola Europacific Partners by 5.0% in the fourth quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company’s stock worth $242,000 after acquiring an additional 150 shares in the last quarter. Blue Trust Inc. grew its position in Coca-Cola Europacific Partners by 16.2% in the fourth quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock worth $94,000 after acquiring an additional 166 shares in the last quarter. Finally, CWM LLC boosted its position in Coca-Cola Europacific Partners by 14.5% during the third quarter. CWM LLC now owns 1,318 shares of the company’s stock valued at $104,000 after buying an additional 167 shares during the period. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP opened at $84.90 on Tuesday. Coca-Cola Europacific Partners PLC has a 52 week low of $65.94 and a 52 week high of $85.61. The firm has a fifty day simple moving average of $77.54 and a two-hundred day simple moving average of $77.72. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63.

Analysts Set New Price Targets

Several research firms have issued reports on CCEP. Evercore ISI upped 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. UBS Group upped their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and cut their price target for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target for the company. Finally, Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and a consensus price target of $84.11.

About Coca-Cola Europacific Partners

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.