Coca-Cola Europacific Partners $CCEP Shares Bought by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 27.3% in the 2nd quarter, according to its most recent filing with the SEC. The firm owned 48,008 shares of the company’s stock after acquiring an additional 10,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Coca-Cola Europacific Partners were worth $4,451,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. Bank of New York Mellon Corp lifted its stake in shares of Coca-Cola Europacific Partners by 2.2% in the 1st quarter. Bank of New York Mellon Corp now owns 657,071 shares of the company’s stock worth $57,185,000 after acquiring an additional 13,981 shares during the period. Nordea Investment Management AB lifted its stake in shares of Coca-Cola Europacific Partners by 0.8% in the 2nd quarter. Nordea Investment Management AB now owns 1,239,257 shares of the company’s stock worth $113,999,000 after acquiring an additional 10,014 shares during the period. China Universal Asset Management Co. Ltd. lifted its stake in shares of Coca-Cola Europacific Partners by 52.0% in the 1st quarter. China Universal Asset Management Co. Ltd. now owns 11,385 shares of the company’s stock worth $991,000 after acquiring an additional 3,893 shares during the period. Exane Asset Management lifted its stake in shares of Coca-Cola Europacific Partners by 10.6% in the 1st quarter. Exane Asset Management now owns 225,655 shares of the company’s stock worth $19,618,000 after acquiring an additional 21,535 shares during the period. Finally, Greenleaf Trust acquired a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter worth $240,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $88.95 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15. The firm has a 50-day moving average price of $89.36 and a two-hundred day moving average price of $91.31. Coca-Cola Europacific Partners has a twelve month low of $73.40 and a twelve month high of $100.67. The company has a market capitalization of $41.00 billion, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 2.54 and a beta of 0.77.

Wall Street Analyst Weigh In

CCEP has been the subject of a number of research analyst reports. Barclays cut their price target on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a report on Friday, August 8th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Morgan Stanley downgraded shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 7th. Wall Street Zen downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a report on Saturday, July 5th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a report on Thursday. Five analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $92.40.

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.