Fjarde AP Fonden Fourth Swedish National Pension Fund Sells 33,725 Shares of Coca-Cola Europacific Partners $CCEP

Key Points

• Fjarde AP Fonden Fourth Swedish National Pension Fund reduced its stake in Coca-Cola Europacific Partners by 47.2%, leaving it with 37,708 shares worth approximately $3.28 million.
• Analyst ratings for Coca-Cola Europacific Partners show a mix of sentiments, with some firms like Morgan Stanley downgrading its rating, while UBS increased the price target and maintained a "buy" rating.
• The current market capitalization of Coca-Cola Europacific Partners is $41.81 billion, with a stock price opening at $90.70, reflecting a year-to-date performance between a low of $73.40 and a high of $100.67.

Fjarde AP Fonden Fourth Swedish National Pension Fund decreased its position in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 47.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 37,708 shares of the company's stock after selling 33,725 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Coca-Cola Europacific Partners were worth $3,282,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in CCEP. Vanguard Group Inc. lifted its position in Coca-Cola Europacific Partners by 462.7% during the first quarter. Vanguard Group Inc. now owns 9,883,600 shares of the company's stock worth $862,167,000 after buying an additional 8,126,996 shares during the period. Nuveen LLC purchased a new stake in Coca-Cola Europacific Partners in the first quarter valued at approximately $162,036,000. Sumitomo Mitsui Trust Group Inc. increased its position in Coca-Cola Europacific Partners by 253.8% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,948,024 shares of the company's stock worth $169,537,000 after purchasing an additional 1,397,394 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 24.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,205,337 shares of the company's stock valued at $540,050,000 after purchasing an additional 1,214,493 shares during the last quarter. Finally, Jane Street Group LLC grew its position in Coca-Cola Europacific Partners by 842.4% during the fourth quarter. Jane Street Group LLC now owns 714,988 shares of the company's stock valued at $54,918,000 after acquiring an additional 639,119 shares during the period. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock traded down $1.2550 on Thursday, reaching $91.2450. The company's stock had a trading volume of 890,351 shares, compared to its average volume of 2,134,568. The business's fifty day moving average price is $94.73 and its 200 day moving average price is $89.48. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83. The company has a market cap of $42.06 billion, a price-to-earnings ratio of 18.78, a PEG ratio of 2.62 and a beta of 0.75. Coca-Cola Europacific Partners has a twelve month low of $73.40 and a twelve month high of $100.67.

Analyst Upgrades and Downgrades

CCEP has been the subject of a number of research reports. Wall Street Zen cut shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of Coca-Cola Europacific Partners in a research note on Friday, August 8th. UBS Group boosted their price target on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Barclays decreased their price target on 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. Finally, Morgan Stanley downgraded shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research note on Thursday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $90.43.

Coca-Cola Europacific Partners Profile

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.