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

Swedbank AB grew its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 5.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 190,509 shares of the company’s stock after purchasing an additional 9,306 shares during the period. 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 large investors have also made changes to their positions in the company. Invesco Ltd. lifted its holdings in Coca-Cola Europacific Partners by 31.6% during the third quarter. Invesco Ltd. now owns 15,610,379 shares of the company’s stock worth $1,411,334,000 after acquiring an additional 3,751,430 shares in the last quarter. Boston Partners increased its stake in Coca-Cola Europacific Partners by 2.6% during the 3rd quarter. Boston Partners now owns 6,266,512 shares of the company’s stock worth $566,051,000 after purchasing an additional 156,613 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in Coca-Cola Europacific Partners by 0.7% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 5,873,922 shares of the company’s stock worth $532,765,000 after purchasing an additional 38,339 shares in the last quarter. State Street Corp raised its holdings in Coca-Cola Europacific Partners by 0.7% during the 3rd quarter. State Street Corp now owns 4,760,094 shares of the company’s stock worth $430,360,000 after buying an additional 31,054 shares during the period. Finally, Norges Bank bought a new position in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $363,294,000. Institutional investors own 31.35% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Coca-Cola Europacific Partners Trading Down 0.3%

NASDAQ:CCEP opened at $105.09 on Friday. Coca-Cola Europacific Partners has a 52-week low of $84.65 and a 52-week high of $110.90. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23. The stock’s 50-day simple moving average is $96.59 and its 200 day simple moving average is $95.92.

Coca-Cola Europacific Partners Dividend Announcement

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