KLP Kapitalforvaltning AS Invests $12.01 Million in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

KLP Kapitalforvaltning AS acquired a new position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 156,300 shares of the company’s stock, valued at approximately $12,005,000.

Several other large investors have also recently made changes to their positions in the stock. Cibc World Markets Corp lifted its holdings in shares of Coca-Cola Europacific Partners by 1.4% in the 4th quarter. Cibc World Markets Corp now owns 10,200 shares of the company’s stock worth $783,000 after acquiring an additional 139 shares during the last quarter. Moody Lynn & Lieberson LLC increased its stake in Coca-Cola Europacific Partners by 5.0% during the 4th quarter. Moody Lynn & Lieberson LLC now owns 3,149 shares of the company’s stock worth $242,000 after buying an additional 150 shares during the period. Blue Trust Inc. increased its stake in Coca-Cola Europacific Partners by 16.2% during the 4th quarter. Blue Trust Inc. now owns 1,189 shares of the company’s stock worth $94,000 after buying an additional 166 shares during the period. Vestmark Advisory Solutions Inc. increased its stake in Coca-Cola Europacific Partners by 4.7% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 3,855 shares of the company’s stock worth $296,000 after buying an additional 172 shares during the period. Finally, Envestnet Portfolio Solutions Inc. increased its stake in Coca-Cola Europacific Partners by 1.6% during the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 10,936 shares of the company’s stock worth $840,000 after buying an additional 174 shares during the period. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Trading Down 0.7 %

Shares of NASDAQ:CCEP opened at $84.92 on Monday. Coca-Cola Europacific Partners PLC has a 52 week low of $65.94 and a 52 week high of $88.39. The company’s 50 day moving average is $81.80 and its two-hundred day moving average is $79.16. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11. The company has a market cap of $39.14 billion, a PE ratio of 17.47, a P/E/G ratio of 4.89 and a beta of 0.91.

Analyst Ratings Changes

CCEP has been the topic of several recent research reports. UBS Group upped their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research note on Thursday, December 12th. Evercore ISI upped their target price on shares of Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. JPMorgan Chase & Co. downgraded shares of 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 research note on Wednesday, November 27th. Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price on the stock. Finally, Kepler Capital Markets downgraded shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. One analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of “Moderate Buy” and an average price target of $86.88.

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.