Forsta AP Fonden Increases Stock Position in Coca-Cola Europacific Partners $CCEP

Forsta AP Fonden raised its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 34.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 36,300 shares of the company’s stock after acquiring an additional 9,400 shares during the period. Forsta AP Fonden’s holdings in Coca-Cola Europacific Partners were worth $3,366,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Assetmark Inc. lifted its holdings in shares of Coca-Cola Europacific Partners by 107.3% in the 1st quarter. Assetmark Inc. now owns 284 shares of the company’s stock valued at $25,000 after purchasing an additional 147 shares during the last quarter. Cullen Frost Bankers Inc. increased its position in Coca-Cola Europacific Partners by 204.2% during the first quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company’s stock worth $32,000 after buying an additional 245 shares during the period. First Horizon Advisors Inc. increased its position in Coca-Cola Europacific Partners by 61.3% during the second quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $34,000 after buying an additional 138 shares during the period. Motco lifted its stake in Coca-Cola Europacific Partners by 285.7% in the first quarter. Motco now owns 405 shares of the company’s stock valued at $35,000 after buying an additional 300 shares during the last quarter. Finally, Quarry LP boosted its holdings in shares of Coca-Cola Europacific Partners by 115.8% in the first quarter. Quarry LP now owns 436 shares of the company’s stock valued at $38,000 after acquiring an additional 234 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CCEP. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, October 30th. Barclays lowered their price objective on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating on the stock in a research report on Friday, August 8th. Morgan Stanley lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research note on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Five equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Coca-Cola Europacific Partners currently has a consensus rating of “Hold” and a consensus target price of $92.40.

Coca-Cola Europacific Partners Stock Performance

NASDAQ:CCEP opened at $90.36 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. The firm has a market cap of $41.65 billion, a price-to-earnings ratio of 17.34, a price-to-earnings-growth ratio of 2.54 and a beta of 0.74. The firm’s fifty day moving average price is $89.66 and its 200 day moving average price is $91.43. Coca-Cola Europacific Partners has a 1-year low of $73.40 and a 1-year high of $100.67.

Coca-Cola Europacific Partners Announces Dividend

The company also recently announced a dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Friday, November 14th will be issued a $1.25 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a dividend yield of 277.0%.

Coca-Cola Europacific Partners 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.