Coca-Cola Europacific Partners $CCEP Shares Bought by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. grew its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 5.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 96,650 shares of the company’s stock after purchasing 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 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mather Group LLC. acquired a new stake in shares of Coca-Cola Europacific Partners during the third quarter worth $31,000. First Command Advisory Services Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 1,800.0% during the third quarter. First Command Advisory Services Inc. now owns 361 shares of the company’s stock worth $33,000 after purchasing an additional 342 shares during the period. E Fund Management Hong Kong Co. Ltd. raised its holdings in shares of Coca-Cola Europacific Partners by 125.3% during the third quarter. E Fund Management Hong Kong Co. Ltd. now owns 446 shares of the company’s stock worth $40,000 after purchasing an additional 248 shares during the period. GAMMA Investing LLC grew its position in shares of Coca-Cola Europacific Partners by 30.7% during the third quarter. GAMMA Investing LLC now owns 672 shares of the company’s stock worth $61,000 after acquiring an additional 158 shares during the last quarter. Finally, Bayforest Capital Ltd grew its position in shares of Coca-Cola Europacific Partners by 802.2% during the third quarter. Bayforest Capital Ltd now owns 803 shares of the company’s stock worth $73,000 after acquiring an additional 714 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CCEP. Deutsche Bank Aktiengesellschaft restated a “buy” rating and set a $114.00 price target on shares of Coca-Cola Europacific Partners in a research report on Thursday, January 8th. Barclays lowered their price target 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. JPMorgan Chase & Co. upped their price target on shares of Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 18th. Evercore restated an “outperform” rating and set a $112.00 price target on shares of Coca-Cola Europacific Partners in a research report on Wednesday, February 18th. Finally, Bank of America restated a “neutral” rating and set a $96.00 price target (down from $102.00) on shares of Coca-Cola Europacific Partners in a research report on Wednesday, January 14th. Seven investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.00.

Coca-Cola Europacific Partners Trading Up 2.1%

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

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.