Handelsbanken Fonder AB Buys 83,749 Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Handelsbanken Fonder AB boosted its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 145.6% during the 4th quarter, HoldingsChannel reports. The fund owned 141,262 shares of the company’s stock after purchasing an additional 83,749 shares during the period. Handelsbanken Fonder AB’s holdings in Coca-Cola Europacific Partners were worth $9,429,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the stock. AustralianSuper Pty Ltd bought a new position in Coca-Cola Europacific Partners in the fourth quarter worth approximately $1,467,000. Pacer Advisors Inc. grew its stake in Coca-Cola Europacific Partners by 1,120.3% in the fourth quarter. Pacer Advisors Inc. now owns 23,332 shares of the company’s stock worth $1,557,000 after purchasing an additional 21,420 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new position in Coca-Cola Europacific Partners in the third quarter worth approximately $685,000. Korea Investment CORP grew its stake in Coca-Cola Europacific Partners by 4.1% in the third quarter. Korea Investment CORP now owns 252,644 shares of the company’s stock worth $15,843,000 after purchasing an additional 9,893 shares in the last quarter. Finally, International Assets Investment Management LLC bought a new position in Coca-Cola Europacific Partners in the fourth quarter worth approximately $5,876,000. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Trading Up 0.8 %

Shares of CCEP opened at $69.66 on Thursday. Coca-Cola Europacific Partners PLC has a 12 month low of $56.28 and a 12 month high of $72.67. The stock has a fifty day moving average price of $69.46 and a 200-day moving average price of $65.52. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last issued its quarterly earnings data on Friday, February 23rd. The company reported $1.85 EPS for the quarter, meeting the consensus estimate of $1.85. On average, research analysts expect that Coca-Cola Europacific Partners PLC will post 4.18 earnings per share for the current year.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Argus increased their price objective on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, March 19th. StockNews.com upgraded Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a report on Monday, February 26th. Barclays upped their target price on Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the stock an “overweight” rating in a report on Tuesday, February 27th. UBS Group upped their target price on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the stock a “buy” rating in a report on Monday, February 26th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a report on Thursday, March 28th. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and an average price target of $74.02.

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.