Forsta AP Fonden Has $3.44 Million Holdings in Coca-Cola Europacific Partners $CCEP

Forsta AP Fonden lessened its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 18.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 37,900 shares of the company’s stock after selling 8,300 shares during the quarter. Forsta AP Fonden’s holdings in Coca-Cola Europacific Partners were worth $3,438,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Fideuram Asset Management Ireland dac acquired a new position in shares of Coca-Cola Europacific Partners during the 4th quarter worth approximately $55,000. Geneos Wealth Management Inc. grew its position in shares of Coca-Cola Europacific Partners by 23.9% during the 1st quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock worth $70,000 after purchasing an additional 156 shares in the last quarter. Brown Brothers Harriman & Co. grew its position in shares of Coca-Cola Europacific Partners by 18.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,015 shares of the company’s stock worth $92,000 after purchasing an additional 155 shares in the last quarter. Assetmark Inc. grew its position in shares of Coca-Cola Europacific Partners by 76.0% during the 3rd quarter. Assetmark Inc. now owns 1,051 shares of the company’s stock worth $95,000 after purchasing an additional 454 shares in the last quarter. Finally, Maseco LLP grew its position in shares of Coca-Cola Europacific Partners by 20.6% during the 4th quarter. Maseco LLP now owns 1,123 shares of the company’s stock worth $103,000 after purchasing an additional 192 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Citigroup restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, February 19th. Evercore reiterated an “outperform” rating and set a $112.00 price target on shares of Coca-Cola Europacific Partners in a research report on Wednesday, February 18th. JPMorgan Chase & Co. increased their price target 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. Barclays increased their price target 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. Finally, The Goldman Sachs Group increased 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 research report on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and a consensus price target of $106.00.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $91.00 on Wednesday. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23. The firm’s 50 day simple moving average is $94.00 and its 200 day simple moving average is $94.25. 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 company 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 was Friday, May 15th. This represents a dividend 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.