Handelsbanken Fonder AB Grows Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Handelsbanken Fonder AB raised its holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 145.6% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 141,262 shares of the company’s stock after acquiring an additional 83,749 shares during the period. Handelsbanken Fonder AB’s holdings in Coca-Cola Europacific Partners were worth $9,429,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Global Retirement Partners LLC increased its position in shares of Coca-Cola Europacific Partners by 97.5% during the 3rd quarter. Global Retirement Partners LLC now owns 644 shares of the company’s stock valued at $39,000 after purchasing an additional 318 shares during the last quarter. China Universal Asset Management Co. Ltd. bought a new position in shares of Coca-Cola Europacific Partners during the 4th quarter valued at about $61,000. NBC Securities Inc. bought a new position in Coca-Cola Europacific Partners during the 3rd quarter worth approximately $73,000. ZRC Wealth Management LLC bought a new position in Coca-Cola Europacific Partners during the 4th quarter worth approximately $85,000. Finally, Private Trust Co. NA grew its position in Coca-Cola Europacific Partners by 275.2% during the 4th quarter. Private Trust Co. NA now owns 1,827 shares of the company’s stock worth $120,000 after acquiring an additional 1,340 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on CCEP. BNP Paribas upgraded Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price target on the stock in a research report on Friday, January 12th. UBS Group raised their price target on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Barclays raised their price target on Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 27th. Deutsche Bank Aktiengesellschaft raised their price target on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, Argus increased their price objective on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $74.02.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $69.66 on Thursday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 1.27. The stock has a 50 day simple moving average of $69.46 and a two-hundred day simple moving average of $65.52. Coca-Cola Europacific Partners PLC has a fifty-two week low of $56.28 and a fifty-two week high of $72.67.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last released its earnings results on Friday, February 23rd. The company reported $1.85 EPS for the quarter, meeting analysts’ consensus estimates of $1.85. Research analysts forecast that Coca-Cola Europacific Partners PLC will post 4.18 earnings per share for the current year.

Coca-Cola Europacific Partners Company 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.