Forsta AP Fonden Sells 8,300 Shares of Coca-Cola Europacific Partners $CCEP

Forsta AP Fonden trimmed its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 18.0% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. 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 SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fideuram Asset Management Ireland dac bought a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at about $55,000. Geneos Wealth Management Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 23.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock valued at $70,000 after purchasing an additional 156 shares during the period. Brown Brothers Harriman & Co. raised its holdings in shares of Coca-Cola Europacific Partners by 18.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,015 shares of the company’s stock valued at $92,000 after purchasing an additional 155 shares during the period. Assetmark Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 76.0% in the 3rd quarter. Assetmark Inc. now owns 1,051 shares of the company’s stock valued at $95,000 after purchasing an additional 454 shares during the period. Finally, Maseco LLP raised its holdings in shares of Coca-Cola Europacific Partners by 20.6% in the 4th quarter. Maseco LLP now owns 1,123 shares of the company’s stock valued at $103,000 after purchasing an additional 192 shares during the period. 31.35% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on CCEP shares. UBS Group upped their target price on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Barclays upped their target price 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. upped their target price on shares of Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a report on Wednesday, February 18th. Citigroup reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, February 19th. Finally, The Goldman Sachs Group upped their price target on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating 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. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $106.00.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP opened at $91.00 on Wednesday. Coca-Cola Europacific Partners has a 52 week low of $84.65 and a 52 week high of $110.90. The firm’s 50-day simple moving average is $94.00 and its 200 day simple moving average is $94.25. 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 Announces Dividend

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

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.