Coca-Cola Europacific Partners $CCEP Stock Position Boosted by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. boosted its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 5.7% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 96,650 shares of the company’s stock after buying an additional 5,185 shares during the period. GF Fund Management CO. LTD.’s holdings in Coca-Cola Europacific Partners were worth $8,766,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of CCEP. Mather Group LLC. bought a new position in Coca-Cola Europacific Partners in the 3rd quarter valued at about $31,000. First Command Advisory Services Inc. grew its position in Coca-Cola Europacific Partners by 1,800.0% in the 3rd quarter. First Command Advisory Services Inc. now owns 361 shares of the company’s stock valued at $33,000 after buying an additional 342 shares in the last quarter. E Fund Management Hong Kong Co. Ltd. grew its position in Coca-Cola Europacific Partners by 125.3% in the 3rd quarter. E Fund Management Hong Kong Co. Ltd. now owns 446 shares of the company’s stock valued at $40,000 after buying an additional 248 shares in the last quarter. GAMMA Investing LLC grew its position in Coca-Cola Europacific Partners by 30.7% in the 3rd quarter. GAMMA Investing LLC now owns 672 shares of the company’s stock valued at $61,000 after buying an additional 158 shares in the last quarter. Finally, Geneos Wealth Management Inc. grew its position in Coca-Cola Europacific Partners by 23.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock valued at $70,000 after buying an additional 156 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Up 2.1%

NASDAQ:CCEP opened at $98.80 on Friday. Coca-Cola Europacific Partners has a twelve month low of $84.65 and a twelve month high of $110.90. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.60 and a current ratio of 0.80. The company has a 50-day moving average of $98.93 and a 200-day moving average of $93.30.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their target price on shares of Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the company a “neutral” rating in a research report on Wednesday, February 18th. Evercore restated an “outperform” rating and set a $112.00 price objective on shares of Coca-Cola Europacific Partners in a research report on Wednesday, February 18th. Weiss Ratings restated a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research report on Tuesday, January 27th. Barclays reduced their price objective on shares of Coca-Cola Europacific Partners from $111.00 to $106.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, The Goldman Sachs Group raised their price objective on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Seven research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners has an average rating of “Moderate Buy” and a consensus price target of $107.00.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.