Forsta AP Fonden lifted its position in Coca-Cola Europacific Partners PLC (NYSE:CCEP – Free Report) by 320.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,400 shares of the company’s stock after buying an additional 65,100 shares during the quarter. Forsta AP Fonden’s holdings in Coca-Cola Europacific Partners were worth $5,055,000 at the end of the most recent quarter.
Other large investors also recently modified their holdings of the company. Private Advisor Group LLC increased its stake in Coca-Cola Europacific Partners by 27.5% in the 1st quarter. Private Advisor Group LLC now owns 12,218 shares of the company’s stock worth $595,000 after acquiring an additional 2,638 shares during the last quarter. PNC Financial Services Group Inc. grew its holdings in shares of Coca-Cola Europacific Partners by 2.0% during the first quarter. PNC Financial Services Group Inc. now owns 14,173 shares of the company’s stock worth $690,000 after purchasing an additional 277 shares in the last quarter. BlackRock Inc. increased its position in shares of Coca-Cola Europacific Partners by 5.0% in the first quarter. BlackRock Inc. now owns 14,447,992 shares of the company’s stock worth $702,316,000 after purchasing an additional 685,745 shares during the last quarter. Great West Life Assurance Co. Can purchased a new stake in Coca-Cola Europacific Partners in the first quarter valued at approximately $10,809,000. Finally, Yousif Capital Management LLC lifted its position in Coca-Cola Europacific Partners by 13.9% during the first quarter. Yousif Capital Management LLC now owns 4,954 shares of the company’s stock valued at $241,000 after purchasing an additional 605 shares during the last quarter. 29.37% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently commented on CCEP shares. UBS Group increased their price target on shares of Coca-Cola Europacific Partners from $68.00 to $71.00 in a report on Wednesday, April 26th. Barclays raised their price target on Coca-Cola Europacific Partners from $73.00 to $75.00 in a research report on Thursday, April 27th. Argus upped their price objective on Coca-Cola Europacific Partners from $62.00 to $72.00 in a report on Friday, May 26th. Credit Suisse Group increased their price objective on Coca-Cola Europacific Partners to €67.00 ($72.83) in a research report on Friday. Finally, JPMorgan Chase & Co. boosted their target price on Coca-Cola Europacific Partners from $66.50 to $75.50 in a research report on Wednesday. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $69.66.
Coca-Cola Europacific Partners Price Performance
Coca-Cola Europacific Partners Cuts Dividend
The business also recently declared a semi-annual dividend, which was paid on Thursday, May 25th. Shareholders of record on Friday, May 12th were paid a $0.74 dividend. The ex-dividend date was Thursday, May 11th. This represents a yield of 2.6%.
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.
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