Lansforsakringar Fondforvaltning AB publ Boosts Holdings in Coca-Cola Europacific Partners $CCEP

Key Points

• Lansforsakringar Fondforvaltning AB publ increased its stake in Coca-Cola Europacific Partners by 9.1%, now holding a total of 75,026 shares valued at approximately $6.53 million.
• Other institutional investors like Bank of New York Mellon Corp and Siemens Fonds Invest GmbH have also raised their positions in the company, with hedge funds owning 31.35% of the stock.
• Analyst ratings for Coca-Cola Europacific Partners show mixed reviews, with one strong buy, four buys, four holds, and one sell, and an average target price of $90.43.

Lansforsakringar Fondforvaltning AB publ boosted its position in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 9.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,026 shares of the company's stock after purchasing an additional 6,240 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in Coca-Cola Europacific Partners were worth $6,530,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of CCEP. Dimensional Fund Advisors LP increased its stake in Coca-Cola Europacific Partners by 0.3% in the 4th quarter. Dimensional Fund Advisors LP now owns 53,142 shares of the company's stock valued at $4,087,000 after purchasing an additional 155 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Coca-Cola Europacific Partners by 30.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 66,975 shares of the company's stock worth $5,145,000 after buying an additional 15,806 shares in the last quarter. Susquehanna Fundamental Investments LLC purchased a new position in Coca-Cola Europacific Partners during the fourth quarter worth $631,000. The Manufacturers Life Insurance Company increased its position in Coca-Cola Europacific Partners by 2.2% during the fourth quarter. The Manufacturers Life Insurance Company now owns 75,406 shares of the company's stock worth $5,792,000 after buying an additional 1,594 shares in the last quarter. Finally, Northern Trust Corp increased its position in Coca-Cola Europacific Partners by 56.3% during the fourth quarter. Northern Trust Corp now owns 1,542,368 shares of the company's stock worth $118,469,000 after buying an additional 555,388 shares in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on CCEP shares. Barclays decreased their price objective on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating on the stock in a report on Friday, August 8th. UBS Group raised their price objective on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Wall Street Zen cut Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. Finally, Morgan Stanley cut Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a report on Thursday, August 7th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $90.43.

Coca-Cola Europacific Partners Stock Up 0.5%

Shares of NASDAQ CCEP traded up $0.40 on Thursday, hitting $87.07. The company had a trading volume of 725,252 shares, compared to its average volume of 2,114,050. Coca-Cola Europacific Partners has a 12-month low of $73.40 and a 12-month high of $100.67. The business has a 50 day moving average of $93.99 and a two-hundred day moving average of $90.06. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15. The firm has a market capitalization of $40.13 billion, a P/E ratio of 17.92, a PEG ratio of 2.58 and a beta of 0.78.

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.