Saudi Central Bank Doubles Down on Coca-Cola Europacific Partners

The Saudi Central Bank significantly increased its holdings in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 114.4% during the second quarter, according to the company's latest SEC filing.

The fund now owns 166,798 shares of CCEP's stock after acquiring an additional 89,008 shares during the quarter. The value of these holdings at the end of the most recent reporting period was approximately $16,691,000.

This development is part of a broader trend where several hedge funds and institutional investors have been increasing their stakes in CCEP.