Andra AP fonden Buys 11,400 Shares of Coca-Cola Europacific Partners $CCEP

Andra AP fonden boosted its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 23.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 60,456 shares of the company's stock after purchasing an additional 11,400 shares during the period. Andra AP fonden's holdings in Coca-Cola Europacific Partners were worth $6,050,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in CCEP. SEB Asset Management AB bought a new position in Coca-Cola Europacific Partners in the first quarter valued at about $6,759,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Coca-Cola Europacific Partners by 157.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 493,118 shares of the company's stock valued at $44,715,000 after purchasing an additional 301,910 shares during the period. National Pension Service increased its position in shares of Coca-Cola Europacific Partners by 23.6% during the 2nd quarter. National Pension Service now owns 65,302 shares of the company's stock valued at $6,535,000 after purchasing an additional 12,468 shares during the last quarter. Hsbc Holdings PLC lifted its stake in shares of Coca-Cola Europacific Partners by 47.0% in the 1st quarter. Hsbc Holdings PLC now owns 167,835 shares of the company's stock worth $15,203,000 after purchasing an additional 53,696 shares during the period. Finally, Janus Henderson Group PLC bought a new position in shares of Coca-Cola Europacific Partners in the 1st quarter worth approximately $97,058,000. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have weighed in on CCEP. Sanford C. Bernstein reiterated a "market perform" rating and issued a $106.00 price target on shares of Coca-Cola Europacific Partners in a research report on Wednesday, August 5th. Barclays boosted their price objective on shares of Coca-Cola Europacific Partners from $114.00 to $119.00 and gave the company an "overweight" rating in a research report on Thursday, August 6th. Weiss Ratings lowered Coca-Cola Europacific Partners from a "buy (b+)" rating to a "buy (b)" rating in a research note on Thursday, September 10th. UBS Group cut Coca-Cola Europacific Partners from a "buy" rating to a "neutral" rating and decreased their target price for the stock from $109.00 to $107.00 in a report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Coca-Cola Europacific Partners in a research report on Wednesday, September 16th. Seven investment analysts have rated the stock with a Buy rating, three have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $108.44.

Coca-Cola Europacific Partners Price Performance

NASDAQ:CCEP opened at $99.69 on Thursday. The business's 50-day moving average is $106.34 and its 200 day moving average is $100.16. Coca-Cola Europacific Partners has a 12 month low of $84.65 and a 12 month high of $113.67. The company has a current ratio of 0.89, a quick ratio of 0.68 and a debt-to-equity ratio of 1.20.

Coca-Cola Europacific Partners Company Profile

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Coca-Cola Europacific Partners plc NASDAQ: CCEP is a major Coca-Cola bottling partner that manufactures, markets, sells and distributes a broad portfolio of beverages. Its products include Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Powerade, Fuze Tea, smartwater, Costa Coffee and Monster Energy, among other brands.

The company serves customers across a broad geographic territory spanning Europe and the Asia-Pacific region. Its markets include Great Britain, Germany, Spain, Portugal, France, Belgium, the Netherlands, Norway, Sweden, Iceland and Switzerland, as well as Australia, New Zealand, Indonesia and selected Pacific island markets.

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