Fjarde AP Fonden Fourth Swedish National Pension Fund Decreases Position in Coca-Cola Europacific Partners $CCEP

Fjarde AP Fonden Fourth Swedish National Pension Fund lessened its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 15.2% in the 4th quarter, HoldingsChannel.com reports. The firm owned 43,038 shares of the company’s stock after selling 7,712 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Coca-Cola Europacific Partners were worth $3,904,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. Invesco Ltd. lifted its holdings in shares of Coca-Cola Europacific Partners by 31.6% during the 3rd quarter. Invesco Ltd. now owns 15,610,379 shares of the company’s stock valued at $1,411,334,000 after purchasing an additional 3,751,430 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Coca-Cola Europacific Partners by 2.6% during the 3rd quarter. Vanguard Group Inc. now owns 10,960,110 shares of the company’s stock valued at $994,598,000 after purchasing an additional 278,083 shares during the last quarter. Boston Partners lifted its holdings in shares of Coca-Cola Europacific Partners by 2.6% during the 3rd quarter. Boston Partners now owns 6,266,512 shares of the company’s stock valued at $566,051,000 after purchasing an additional 156,613 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its holdings in shares of 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 valued at $532,765,000 after purchasing an additional 38,339 shares during the last quarter. Finally, State Street Corp lifted its holdings in shares of 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 valued at $430,360,000 after purchasing an additional 31,054 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently commented on CCEP. Evercore reiterated an “outperform” rating and set a $112.00 price objective on shares of Coca-Cola Europacific Partners in a report on Wednesday, February 18th. Weiss Ratings lowered Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. JPMorgan Chase & Co. increased their price objective on Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Barclays increased their price objective on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the company an “overweight” rating in a report on Thursday, April 30th. Finally, UBS Group increased their price objective on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Seven analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $106.00.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock opened at $95.25 on Tuesday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.60 and a current ratio of 0.80. The business has a fifty day moving average of $94.05 and a 200 day moving average of $94.32. Coca-Cola Europacific Partners has a 1 year low of $84.65 and a 1 year high of $110.90.

Coca-Cola Europacific Partners Announces Dividend

The company also recently announced a dividend, which was paid on Wednesday, May 27th. Investors of record on Friday, May 15th were paid a $0.82 dividend. The ex-dividend date was Friday, May 15th. This represents a yield of 213.0%.

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.