Handelsbanken Fonder AB Purchases 78,275 Shares of Coca-Cola Europacific Partners $CCEP

Handelsbanken Fonder AB grew its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 51.2% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 231,255 shares of the company’s stock after acquiring an additional 78,275 shares during the period. Handelsbanken Fonder AB owned about 0.05% of Coca-Cola Europacific Partners worth $21,442,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. TIAA Trust National Association raised its stake in Coca-Cola Europacific Partners by 3.2% in the second quarter. TIAA Trust National Association now owns 3,345 shares of the company’s stock valued at $310,000 after buying an additional 103 shares during the period. CWM LLC increased its holdings in shares of Coca-Cola Europacific Partners by 13.3% during the 2nd quarter. CWM LLC now owns 1,136 shares of the company’s stock worth $105,000 after acquiring an additional 133 shares during the last quarter. First Horizon Advisors Inc. raised its stake in Coca-Cola Europacific Partners by 61.3% in the 2nd quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock valued at $34,000 after acquiring an additional 138 shares during the period. Assetmark Inc. lifted its holdings in Coca-Cola Europacific Partners by 107.3% during the 1st quarter. Assetmark Inc. now owns 284 shares of the company’s stock valued at $25,000 after purchasing an additional 147 shares during the last quarter. Finally, RWA Wealth Partners LLC boosted its position in Coca-Cola Europacific Partners by 0.3% during the first quarter. RWA Wealth Partners LLC now owns 53,905 shares of the company’s stock worth $4,691,000 after purchasing an additional 149 shares during the period. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $90.93 on Friday. The company’s 50 day moving average is $89.66 and its 200-day moving average is $91.43. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15. Coca-Cola Europacific Partners has a 12-month low of $73.40 and a 12-month high of $100.67. The firm has a market cap of $41.91 billion, a P/E ratio of 17.34, a price-to-earnings-growth ratio of 2.54 and a beta of 0.74.

Coca-Cola Europacific Partners Announces Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, December 3rd. Investors of record on Friday, November 14th will be given a dividend of $1.25 per share. This represents a yield of 277.0%. The ex-dividend date is Friday, November 14th.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on CCEP. Morgan Stanley lowered shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 7th. Barclays lowered their price target on shares of 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. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, October 30th. Five analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $92.40.

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.