Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Stake Lessened by Forsta AP Fonden

Forsta AP Fonden cut its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 5.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 56,800 shares of the company’s stock after selling 3,200 shares during the period. Forsta AP Fonden’s holdings in Coca-Cola Europacific Partners were worth $4,139,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Voisard Asset Management Group Inc. bought a new position in shares of Coca-Cola Europacific Partners in the fourth quarter valued at approximately $33,000. New Millennium Group LLC bought a new stake in Coca-Cola Europacific Partners during the second quarter worth approximately $37,000. Crewe Advisors LLC bought a new stake in Coca-Cola Europacific Partners during the first quarter worth approximately $36,000. New Covenant Trust Company N.A. bought a new stake in Coca-Cola Europacific Partners during the first quarter worth approximately $36,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in Coca-Cola Europacific Partners during the first quarter worth approximately $42,000. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock opened at $81.54 on Friday. The firm’s fifty day simple moving average is $76.23 and its 200-day simple moving average is $73.33. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. Coca-Cola Europacific Partners PLC has a 1-year low of $56.28 and a 1-year high of $82.14.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. BNP Paribas cut shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price for the company. in a report on Tuesday, September 10th. Barclays raised their target price on shares of Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, August 9th. Bank of America upped their price target on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 9th. Finally, StockNews.com downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Sunday, May 19th. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $79.78.

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.