Swedbank AB Has $17.27 Million Stock Position in Coca-Cola Europacific Partners $CCEP

Swedbank AB boosted its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 5.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 190,509 shares of the company’s stock after buying an additional 9,306 shares during the quarter. Swedbank AB’s holdings in Coca-Cola Europacific Partners were worth $17,273,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Fulton Bank N.A. increased its holdings in shares of Coca-Cola Europacific Partners by 3.2% during the 1st quarter. Fulton Bank N.A. now owns 3,699 shares of the company’s stock worth $335,000 after acquiring an additional 113 shares during the last quarter. Park Avenue Securities LLC boosted its position in Coca-Cola Europacific Partners by 1.9% during the fourth quarter. Park Avenue Securities LLC now owns 6,373 shares of the company’s stock worth $578,000 after purchasing an additional 119 shares during the period. Howard Capital Management Inc. boosted its position in Coca-Cola Europacific Partners by 2.9% during the fourth quarter. Howard Capital Management Inc. now owns 4,451 shares of the company’s stock worth $404,000 after purchasing an additional 125 shares during the period. Aaron Wealth Advisors LLC increased its holdings in shares of Coca-Cola Europacific Partners by 5.0% in the fourth quarter. Aaron Wealth Advisors LLC now owns 2,728 shares of the company’s stock valued at $247,000 after purchasing an additional 129 shares during the last quarter. Finally, Parallel Advisors LLC raised its position in shares of Coca-Cola Europacific Partners by 4.3% in the fourth quarter. Parallel Advisors LLC now owns 3,222 shares of the company’s stock valued at $292,000 after purchasing an additional 134 shares during the period. 31.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. Wells Fargo & Company lifted their target price on shares of Coca-Cola Europacific Partners from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, July 2nd. Barclays upped their target price on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the company an “overweight” rating in a research report on Thursday, April 30th. UBS Group increased their target price on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings cut Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Eight analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, Coca-Cola Europacific Partners currently has an average rating of “Moderate Buy” and a consensus price target of $107.12.

Coca-Cola Europacific Partners Trading Down 0.3%

Shares of NASDAQ:CCEP opened at $105.09 on Friday. Coca-Cola Europacific Partners has a 12-month low of $84.65 and a 12-month high of $110.90. The company’s 50 day moving average price is $96.59 and its two-hundred day moving average price is $95.92. 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 Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 15th were given a dividend of $0.82 per share. The ex-dividend date of this dividend was Friday, May 15th. This represents a yield of 213.0%.

Coca-Cola Europacific Partners Profile

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.