Handelsbanken Fonder AB Has $10.33 Million Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Handelsbanken Fonder AB increased its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 4.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,488 shares of the company's stock after purchasing an additional 5,668 shares during the quarter. Handelsbanken Fonder AB's holdings in Coca-Cola Europacific Partners were worth $10,330,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in CCEP. Massachusetts Financial Services Co. MA increased its holdings in shares of Coca-Cola Europacific Partners by 1.2% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company's stock worth $217,191,000 after buying an additional 32,776 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in Coca-Cola Europacific Partners by 307.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company's stock worth $191,984,000 after acquiring an additional 1,839,321 shares during the last quarter. Geode Capital Management LLC increased its holdings in Coca-Cola Europacific Partners by 2.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company's stock worth $160,138,000 after purchasing an additional 58,247 shares in the last quarter. Janus Henderson Group PLC bought a new position in Coca-Cola Europacific Partners in the third quarter valued at about $52,364,000. Finally, Citigroup Inc. boosted its stake in shares of Coca-Cola Europacific Partners by 9.8% during the third quarter. Citigroup Inc. now owns 630,779 shares of the company's stock valued at $49,674,000 after purchasing an additional 56,551 shares in the last quarter. Institutional investors own 31.35% of the company's stock.

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Coca-Cola Europacific Partners Trading Down 1.7 %

Shares of Coca-Cola Europacific Partners stock traded down $1.47 on Wednesday, hitting $86.08. 2,000,492 shares of the company's stock traded hands, compared to its average volume of 1,681,908. The company has a fifty day moving average of $78.68 and a two-hundred day moving average of $78.36. 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 market capitalization of $39.68 billion, a price-to-earnings ratio of 17.71, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63.

Wall Street Analysts Forecast Growth

CCEP has been the subject of a number of research reports. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a report on Tuesday. Barclays dropped their price target on shares of Coca-Cola Europacific Partners from $86.00 to $83.00 and set an "overweight" rating for the company in a research note on Friday, January 17th. Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a "market perform" rating and a $82.00 price target on the stock. UBS Group increased their price objective on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a "buy" rating in a report on Thursday, December 12th. Finally, JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and cut their target price for the stock from $85.00 to $82.00 in a report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus 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.