Coca-Cola Europacific Partners $CCEP Stock Position Increased by Handelsbanken Fonder AB

Handelsbanken Fonder AB boosted its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 32.3% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 311,523 shares of the company’s stock after purchasing an additional 75,990 shares during the quarter. Handelsbanken Fonder AB’s holdings in Coca-Cola Europacific Partners were worth $28,255,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. AQR Capital Management LLC increased its stake in Coca-Cola Europacific Partners by 10.5% during the 1st quarter. AQR Capital Management LLC now owns 7,131 shares of the company’s stock valued at $621,000 after buying an additional 677 shares during the period. Geneos Wealth Management Inc. increased its stake in Coca-Cola Europacific Partners by 23.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock valued at $70,000 after buying an additional 156 shares during the period. Marshall Wace LLP acquired a new position in Coca-Cola Europacific Partners during the 2nd quarter valued at about $653,000. Jump Financial LLC grew its stake in shares of Coca-Cola Europacific Partners by 18.8% in the 2nd quarter. Jump Financial LLC now owns 25,666 shares of the company’s stock worth $2,380,000 after purchasing an additional 4,059 shares during the last quarter. Finally, WINTON GROUP Ltd acquired a new position in shares of Coca-Cola Europacific Partners in the 2nd quarter worth approximately $202,000. 31.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Weiss Ratings cut shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday. Barclays lifted their target price on shares of Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. JPMorgan Chase & Co. lifted their target price on shares of Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. The Goldman Sachs Group raised their price target on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Finally, Citigroup restated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, February 19th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $106.00.

Coca-Cola Europacific Partners Price Performance

Shares of Coca-Cola Europacific Partners stock opened at $91.86 on Wednesday. The firm has a fifty day simple moving average of $95.23 and a 200-day simple moving average of $94.02. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.60 and a current ratio of 0.80. Coca-Cola Europacific Partners has a 1-year low of $84.65 and a 1-year high of $110.90.

Coca-Cola Europacific Partners Dividend Announcement

The business also recently announced a dividend, which will be paid on Wednesday, May 27th. Investors of record on Friday, May 15th will be paid a dividend of $0.82 per share. This represents a yield of 213.0%. The ex-dividend date is Friday, May 15th.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.