Handelsbanken Fonder AB Has $13.31 Million Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Handelsbanken Fonder AB raised its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 13.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,980 shares of the company's stock after acquiring an additional 18,492 shares during the quarter. Handelsbanken Fonder AB's holdings in Coca-Cola Europacific Partners were worth $13,314,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new position in Coca-Cola Europacific Partners in the 4th quarter valued at approximately $27,000. NBC Securities Inc. bought a new position in Coca-Cola Europacific Partners in the 1st quarter valued at approximately $28,000. Optiver Holding B.V. bought a new position in Coca-Cola Europacific Partners in the 4th quarter valued at approximately $29,000. Summit Securities Group LLC bought a new position in Coca-Cola Europacific Partners in the 4th quarter valued at approximately $34,000. Finally, Whipplewood Advisors LLC bought a new position in Coca-Cola Europacific Partners in the 4th quarter valued at approximately $52,000. Institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Down 0.7%

Shares of NASDAQ:CCEP traded down $0.68 during mid-day trading on Friday, hitting $92.85. The company had a trading volume of 1,249,376 shares, compared to its average volume of 1,785,275. The firm has a fifty day moving average price of $89.27 and a 200 day moving average price of $83.60. The company has a market capitalization of $42.80 billion, a PE ratio of 19.10, a price-to-earnings-growth ratio of 4.89 and a beta of 0.78. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. Coca-Cola Europacific Partners PLC has a one year low of $71.49 and a one year high of $93.75.

Coca-Cola Europacific Partners Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, May 27th. Stockholders of record on Friday, May 16th were paid a $0.8993 dividend. The ex-dividend date of this dividend was Friday, May 16th. This represents a dividend yield of 2.4%. Coca-Cola Europacific Partners's dividend payout ratio is currently 16.26%.

Analyst Ratings Changes

CCEP has been the subject of several analyst reports. Evercore ISI raised their price target on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. UBS Group raised their price target on shares of Coca-Cola Europacific Partners from $96.00 to $100.00 and gave the stock a "buy" rating in a report on Wednesday, April 30th. Barclays raised their price target on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. Finally, Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of "Moderate Buy" and a consensus target price of $88.50.

Coca-Cola Europacific Partners Company 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.