E Fund Management Co. Ltd. Buys 6,174 Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP)

Key Points

• E Fund Management Co. Ltd. has significantly increased its stake in Coca-Cola Europacific Partners, acquiring an additional 6,174 shares, bringing its total holdings to 11,607 shares valued at $1,010,000.
• Various hedge funds and institutional investors have also increased their positions in Coca-Cola Europacific Partners, with notable increases such as a 204.2% growth from Cullen Frost Bankers Inc.
• Analysts have mixed ratings for Coca-Cola Europacific Partners, with one sell rating, five hold ratings, and four buy ratings, reflecting varied investor sentiment about the stock's future performance.

E Fund Management Co. Ltd. lifted its holdings in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 113.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,607 shares of the company's stock after purchasing an additional 6,174 shares during the quarter. E Fund Management Co. Ltd.'s holdings in Coca-Cola Europacific Partners were worth $1,010,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Assetmark Inc. increased its holdings in Coca-Cola Europacific Partners by 107.3% in the first quarter. Assetmark Inc. now owns 284 shares of the company's stock valued at $25,000 after buying an additional 147 shares during the last quarter. NBC Securities Inc. acquired a new position in Coca-Cola Europacific Partners in the first quarter valued at approximately $28,000. Optiver Holding B.V. acquired a new position in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $29,000. Cullen Frost Bankers Inc. boosted its stake in Coca-Cola Europacific Partners by 204.2% in the first quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company's stock valued at $32,000 after acquiring an additional 245 shares during the period. Finally, HM Payson & Co. acquired a new position in Coca-Cola Europacific Partners in the first quarter valued at approximately $33,000. Institutional investors and hedge funds own 31.35% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on CCEP shares. UBS Group boosted their price objective on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a research report on Wednesday, July 2nd. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Barclays reduced their target price on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating for the company in a report on Friday, August 8th. Morgan Stanley lowered Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a report on Thursday, August 7th. Finally, Wall Street Zen downgraded shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research note on Saturday, July 5th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $90.43.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ:CCEP traded up $0.05 during midday trading on Friday, hitting $90.70. The company's stock had a trading volume of 1,943,223 shares, compared to its average volume of 1,847,624. The stock has a market capitalization of $41.81 billion, a price-to-earnings ratio of 18.66, a PEG ratio of 2.63 and a beta of 0.75. The stock's 50 day simple moving average is $94.83 and its 200 day simple moving average is $89.31. Coca-Cola Europacific Partners has a fifty-two week low of $73.40 and a fifty-two week high of $100.67. The company has a debt-to-equity ratio of 1.15, a quick ratio of 0.65 and a current ratio of 0.83.

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.