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

Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 27.3% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 48,008 shares of the company’s stock after purchasing an additional 10,300 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Coca-Cola Europacific Partners were worth $4,451,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. Invesco Ltd. increased its holdings in Coca-Cola Europacific Partners by 2.1% during the 1st quarter. Invesco Ltd. now owns 10,335,894 shares of the company’s stock valued at $899,533,000 after acquiring an additional 215,966 shares in the last quarter. Vanguard Group Inc. grew its holdings in shares of Coca-Cola Europacific Partners by 462.7% during the first quarter. Vanguard Group Inc. now owns 9,883,600 shares of the company’s stock worth $862,167,000 after buying an additional 8,126,996 shares in the last quarter. Goldman Sachs Group Inc. raised its position in shares of Coca-Cola Europacific Partners by 24.3% in the first quarter. Goldman Sachs Group Inc. now owns 6,205,337 shares of the company’s stock valued at $540,050,000 after buying an additional 1,214,493 shares during the last quarter. Amundi raised its position in shares of Coca-Cola Europacific Partners by 1.6% in the first quarter. Amundi now owns 3,128,598 shares of the company’s stock valued at $281,009,000 after buying an additional 49,747 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of Coca-Cola Europacific Partners by 4.9% in the first quarter. JPMorgan Chase & Co. now owns 3,030,119 shares of the company’s stock valued at $263,711,000 after buying an additional 142,019 shares during the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock opened at $88.95 on Friday. Coca-Cola Europacific Partners has a 1 year low of $73.40 and a 1 year high of $100.67. The firm has a 50 day moving average price of $89.36 and a 200 day moving average price of $91.31. The company has a market cap of $41.00 billion, a price-to-earnings ratio of 17.34, a PEG ratio of 2.54 and a beta of 0.77. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83.

Analyst Ratings Changes

A number of research firms have recently weighed in on CCEP. Barclays cut their price objective on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating for the company in a research report on Friday, August 8th. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday. Morgan Stanley lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 7th. Wall Street Zen lowered shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Saturday, July 5th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, August 8th. Five investment analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Coca-Cola Europacific Partners has a consensus rating of “Hold” and a consensus target price of $92.40.

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.