Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 7,712 Shares of Coca-Cola Europacific Partners $CCEP

Fjarde AP Fonden Fourth Swedish National Pension Fund cut its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 15.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,038 shares of the company’s stock after selling 7,712 shares during the period. 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 filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in CCEP. Parallel Advisors LLC raised its holdings in shares of Coca-Cola Europacific Partners by 4.3% in the fourth quarter. Parallel Advisors LLC now owns 3,222 shares of the company’s stock valued at $292,000 after acquiring an additional 134 shares in the last quarter. Harvest Fund Management Co. Ltd raised its holdings in shares of Coca-Cola Europacific Partners by 21.6% in the fourth quarter. Harvest Fund Management Co. Ltd now owns 34,248 shares of the company’s stock valued at $3,106,000 after acquiring an additional 6,090 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 5.5% in the fourth quarter. Daiwa Securities Group Inc. now owns 59,350 shares of the company’s stock valued at $5,383,000 after acquiring an additional 3,098 shares in the last quarter. Cibc World Market Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 2.1% in the fourth quarter. Cibc World Market Inc. now owns 24,200 shares of the company’s stock valued at $2,195,000 after acquiring an additional 509 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in shares of Coca-Cola Europacific Partners by 4.3% in the fourth quarter. TD Asset Management Inc now owns 648,833 shares of the company’s stock valued at $58,849,000 after acquiring an additional 26,523 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

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

Coca-Cola Europacific Partners Announces Dividend

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

Analysts Set New Price Targets

Several analysts recently weighed in on CCEP shares. Evercore restated an “outperform” rating and issued a $112.00 price objective on shares of Coca-Cola Europacific Partners in a report on Wednesday, February 18th. Barclays lifted 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. The Goldman Sachs Group lifted their price objective on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Citigroup restated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, February 19th. Finally, Weiss Ratings lowered Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. Seven equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price 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.