Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Acquired by Fjarde AP Fonden Fourth Swedish National Pension Fund

Fjarde AP Fonden Fourth Swedish National Pension Fund grew its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 16.5% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 71,433 shares of the company's stock after acquiring an additional 10,111 shares during the quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund's holdings in Coca-Cola Europacific Partners were worth $5,487,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Coca-Cola Europacific Partners by 85.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock valued at $33,000 after acquiring an additional 197 shares during the period. Plato Investment Management Ltd acquired a new stake in shares of Coca-Cola Europacific Partners in the third quarter valued at approximately $50,000. Brown Brothers Harriman & Co. boosted its holdings in shares of Coca-Cola Europacific Partners by 1,604.0% in the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company's stock valued at $67,000 after acquiring an additional 802 shares during the period. Blue Trust Inc. lifted its holdings in shares of Coca-Cola Europacific Partners by 21.5% during the third quarter. Blue Trust Inc. now owns 1,023 shares of the company's stock worth $75,000 after purchasing an additional 181 shares during the period. Finally, Icon Wealth Advisors LLC acquired a new stake in shares of Coca-Cola Europacific Partners during the third quarter worth $105,000. 31.35% of the stock is owned by institutional investors and hedge funds.

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Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ CCEP traded up $0.14 during trading on Friday, reaching $86.26. The stock had a trading volume of 2,235,891 shares, compared to its average volume of 1,722,823. Coca-Cola Europacific Partners PLC has a one year low of $65.94 and a one year high of $88.39. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. The stock has a market cap of $39.76 billion, a PE ratio of 17.75, a P/E/G ratio of 4.89 and a beta of 0.91. The firm's 50 day moving average price is $79.35 and its two-hundred day moving average price is $78.56.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on CCEP shares. Evercore ISI increased their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a "market perform" rating and a $82.00 price target for the company. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday. UBS Group increased their price objective on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a research report on Thursday, December 12th. Finally, JPMorgan Chase & Co. cut Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and cut their price objective for the stock from $85.00 to $82.00 in a research report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $85.00.

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.