Coca-Cola Europacific Partners $CCEP Shares Bought by Nordea Investment Management AB

Key Points

• Nordea Investment Management AB increased its stake in Coca-Cola Europacific Partners by 0.8% during Q2, acquiring 10,014 additional shares, bringing total holdings to over 1.23 million shares worth approximately $114 million.
• Institutional investors collectively own 31.35% of Coca-Cola Europacific Partners, with several other firms significantly increasing their positions in the stock during the first quarter.
• Recently, analysts have shown mixed opinions on CCEP, with five ratings as Buy, three as Hold, and one as Sell, resulting in an average target price of $92.40.

Nordea Investment Management AB raised its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 0.8% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,239,257 shares of the company's stock after acquiring an additional 10,014 shares during the quarter. Nordea Investment Management AB owned 0.27% of Coca-Cola Europacific Partners worth $113,999,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of CCEP. Assetmark Inc. lifted its holdings in Coca-Cola Europacific Partners by 107.3% in the first quarter. Assetmark Inc. now owns 284 shares of the company's stock valued at $25,000 after acquiring an additional 147 shares during the period. Cullen Frost Bankers Inc. lifted its holdings in Coca-Cola Europacific Partners by 204.2% in the first quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company's stock valued at $32,000 after acquiring an additional 245 shares during the period. HM Payson & Co. acquired a new stake in Coca-Cola Europacific Partners in the first quarter valued at $33,000. Motco lifted its holdings in Coca-Cola Europacific Partners by 285.7% in the first quarter. Motco now owns 405 shares of the company's stock valued at $35,000 after acquiring an additional 300 shares during the period. Finally, Quarry LP raised its stake in shares of Coca-Cola Europacific Partners by 115.8% during the 1st quarter. Quarry LP now owns 436 shares of the company's stock worth $38,000 after buying an additional 234 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company's stock.

Analyst Ratings Changes

CCEP has been the subject of several recent research reports. Barclays dropped their target price on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Coca-Cola Europacific Partners in a report on Wednesday, October 8th. Wall Street Zen downgraded shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Morgan Stanley downgraded shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a report on Thursday, August 7th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Five 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. Based on data from MarketBeat, Coca-Cola Europacific Partners presently has an average rating of "Hold" and an average target price of $92.40.

Coca-Cola Europacific Partners Trading Up 1.4%

Shares of CCEP stock opened at $90.54 on Friday. The firm has a 50-day moving average price of $89.48 and a 200 day moving average price of $90.89. Coca-Cola Europacific Partners has a twelve month low of $73.40 and a twelve month high of $100.67. The company has a market capitalization of $41.73 billion, a price-to-earnings ratio of 18.63, a PEG ratio of 2.55 and a beta of 0.77. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15.

About Coca-Cola Europacific Partners

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.

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