Handelsbanken Fonder AB Boosts Stock Holdings in Coca-Cola Europacific Partners $CCEP

Handelsbanken Fonder AB boosted its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 32.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 311,523 shares of the company’s stock after purchasing an additional 75,990 shares during the period. Handelsbanken Fonder AB owned approximately 0.07% of Coca-Cola Europacific Partners worth $28,255,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Park Avenue Securities LLC increased its position in shares of Coca-Cola Europacific Partners by 1.9% in the fourth quarter. Park Avenue Securities LLC now owns 6,373 shares of the company’s stock worth $578,000 after acquiring an additional 119 shares in the last quarter. Concurrent Investment Advisors LLC increased its position in shares of Coca-Cola Europacific Partners by 2.9% in the third quarter. Concurrent Investment Advisors LLC now owns 4,323 shares of the company’s stock worth $391,000 after acquiring an additional 123 shares in the last quarter. Howard Capital Management Inc. increased its position in shares of Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Howard Capital Management Inc. now owns 4,451 shares of the company’s stock worth $404,000 after acquiring an additional 125 shares in the last quarter. Aaron Wealth Advisors LLC grew its holdings in Coca-Cola Europacific Partners by 5.0% during the 4th quarter. Aaron Wealth Advisors LLC now owns 2,728 shares of the company’s stock valued at $247,000 after purchasing an additional 129 shares in the last quarter. Finally, Genesee Capital Advisors LLC grew its holdings in Coca-Cola Europacific Partners by 1.2% during the 4th quarter. Genesee Capital Advisors LLC now owns 11,257 shares of the company’s stock valued at $1,021,000 after purchasing an additional 137 shares in the last quarter. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Down 0.6%

NASDAQ CCEP opened at $91.86 on Wednesday. The company’s fifty day moving average price is $95.23 and its two-hundred day moving average price is $94.02. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23. Coca-Cola Europacific Partners has a 12 month low of $84.65 and a 12 month high of $110.90.

Coca-Cola Europacific Partners Dividend Announcement

The firm also recently declared a dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Friday, May 15th will be given a $0.82 dividend. This represents a dividend yield of 213.0%. The ex-dividend date is Friday, May 15th.

Analyst Ratings Changes

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

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.