Forsta AP Fonden Has $4.20 Million Stock Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Forsta AP Fonden trimmed its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 31.4% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 60,000 shares of the company’s stock after selling 27,500 shares during the quarter. Forsta AP Fonden’s holdings in Coca-Cola Europacific Partners were worth $4,197,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in CCEP. Anchor Investment Management LLC bought a new position in Coca-Cola Europacific Partners during the fourth quarter worth about $204,000. Gateway Investment Advisers LLC bought a new position in Coca-Cola Europacific Partners during the fourth quarter worth about $2,552,000. BKM Wealth Management LLC bought a new position in Coca-Cola Europacific Partners during the fourth quarter worth about $401,000. Legacy Wealth Asset Management LLC boosted its holdings in Coca-Cola Europacific Partners by 7.6% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 28,840 shares of the company’s stock worth $1,925,000 after buying an additional 2,026 shares during the last quarter. Finally, Cyndeo Wealth Partners LLC boosted its holdings in Coca-Cola Europacific Partners by 22.0% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 77,057 shares of the company’s stock worth $5,143,000 after buying an additional 13,872 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Barclays boosted their target price on Coca-Cola Europacific Partners from $78.00 to $84.00 and gave the company an “overweight” rating in a research note on Tuesday, May 14th. Argus boosted their price target on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft boosted their price target on Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. StockNews.com lowered Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Sunday, May 19th. Finally, Bank of America boosted their price target on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $77.00.

Coca-Cola Europacific Partners Stock Up 0.9 %

CCEP opened at $74.78 on Monday. The business has a fifty day simple moving average of $73.71 and a 200 day simple moving average of $70.49. Coca-Cola Europacific Partners PLC has a 1 year low of $56.28 and a 1 year high of $76.44. 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 Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Thursday, May 23rd. Investors of record on Friday, May 10th were paid a $0.79 dividend. The ex-dividend date was Thursday, May 9th. This represents a yield of 5.6%.

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.