Handelsbanken Fonder AB Has $9.43 Million Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Handelsbanken Fonder AB grew its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 145.6% during the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 141,262 shares of the company's stock after purchasing an additional 83,749 shares during the quarter. Handelsbanken Fonder AB's holdings in Coca-Cola Europacific Partners were worth $9,429,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of CCEP. Global Retirement Partners LLC grew its position in Coca-Cola Europacific Partners by 97.5% in the third quarter. Global Retirement Partners LLC now owns 644 shares of the company's stock worth $39,000 after buying an additional 318 shares during the last quarter. China Universal Asset Management Co. Ltd. acquired a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth $61,000. NBC Securities Inc. purchased a new stake in shares of Coca-Cola Europacific Partners during the third quarter valued at $73,000. ZRC Wealth Management LLC acquired a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at $85,000. Finally, Private Trust Co. NA increased its stake in Coca-Cola Europacific Partners by 275.2% in the 4th quarter. Private Trust Co. NA now owns 1,827 shares of the company's stock worth $120,000 after purchasing an additional 1,340 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Performance

CCEP stock traded up $1.28 during mid-day trading on Thursday, hitting $70.94. The stock had a trading volume of 2,426,090 shares, compared to its average volume of 1,533,712. Coca-Cola Europacific Partners PLC has a 1-year low of $56.28 and a 1-year high of $72.67. The company has a fifty day moving average of $69.54 and a 200 day moving average of $65.55. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.72 and a current ratio of 0.91.

Coca-Cola Europacific Partners (NASDAQ:CCEP - Get Free Report) last released its quarterly earnings data on Friday, February 23rd. The company reported $1.85 EPS for the quarter, hitting analysts' consensus estimates of $1.85. As a group, sell-side analysts expect that Coca-Cola Europacific Partners PLC will post 4.18 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have commented on CCEP shares. BNP Paribas raised shares of Coca-Cola Europacific Partners from a "neutral" rating to an "outperform" rating and set a $79.00 price objective for the company in a research note on Friday, January 12th. Argus raised their price objective on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a "buy" rating in a research note on Tuesday, March 19th. StockNews.com raised shares of Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a research note on Monday, February 26th. Barclays increased their target price on Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the company an "overweight" rating in a report on Tuesday, February 27th. Finally, UBS Group lifted their price target on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a "buy" rating in a report on Monday, February 26th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company's stock. According to data from MarketBeat, Coca-Cola Europacific Partners presently has a consensus rating of "Moderate Buy" and an average price target of $74.02.

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.