Andra AP fonden Buys Shares of 7,650 Coca-Cola Europacific Partners $CCEP

Andra AP fonden purchased a new stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 7,650 shares of the company’s stock, valued at approximately $709,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc. increased its holdings in shares of Coca-Cola Europacific Partners by 462.7% during the first quarter. Vanguard Group Inc. now owns 9,883,600 shares of the company’s stock valued at $862,167,000 after purchasing an additional 8,126,996 shares during the period. Nuveen LLC acquired a new stake in Coca-Cola Europacific Partners in the first quarter worth about $162,036,000. Goldman Sachs Group Inc. grew its position in Coca-Cola Europacific Partners by 24.3% in the 1st quarter. Goldman Sachs Group Inc. now owns 6,205,337 shares of the company’s stock valued at $540,050,000 after buying an additional 1,214,493 shares in the last quarter. AGF Management Ltd. lifted its stake in shares of Coca-Cola Europacific Partners by 13,956.3% in the 1st quarter. AGF Management Ltd. now owns 595,143 shares of the company’s stock worth $51,795,000 after acquiring an additional 590,909 shares during the period. Finally, Royal Bank of Canada boosted its holdings in shares of Coca-Cola Europacific Partners by 62.5% in the first quarter. Royal Bank of Canada now owns 1,409,071 shares of the company’s stock valued at $122,631,000 after acquiring an additional 542,173 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley cut Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a research report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Friday, August 8th. Barclays dropped 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 research report on Friday, August 8th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, October 30th. Five equities research 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. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $92.40.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP opened at $91.41 on Friday. The business’s 50-day moving average is $89.26 and its 200-day moving average is $91.31. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. The company has a market capitalization of $42.14 billion, a price-to-earnings ratio of 17.34, a P/E/G ratio of 2.54 and a beta of 0.74. Coca-Cola Europacific Partners has a fifty-two week low of $73.40 and a fifty-two week high of $100.67.

Coca-Cola Europacific Partners Announces Dividend

The business also recently declared a dividend, which will be paid on Wednesday, December 3rd. Stockholders of record on Friday, November 14th will be paid a $1.25 dividend. The ex-dividend date of this dividend is Friday, November 14th. This represents a dividend yield of 283.0%.

Coca-Cola Europacific Partners Company 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.