E Fund Management Co. Ltd. Has $417,000 Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

E Fund Management Co. Ltd. lifted its stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 26.9% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 5,433 shares of the company’s stock after buying an additional 1,152 shares during the period. E Fund Management Co. Ltd.’s holdings in Coca-Cola Europacific Partners were worth $417,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Moody Lynn & Lieberson LLC increased its holdings 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 valued at $242,000 after purchasing an additional 150 shares in the last quarter. Blue Trust Inc. increased its holdings 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 valued at $94,000 after purchasing an additional 166 shares in the last quarter. Vestmark Advisory Solutions Inc. increased its holdings 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 valued at $296,000 after purchasing an additional 172 shares in the last quarter. HighTower Advisors LLC increased its holdings in Coca-Cola Europacific Partners by 0.4% during the 3rd quarter. HighTower Advisors LLC now owns 41,187 shares of the company’s stock valued at $3,242,000 after purchasing an additional 177 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in Coca-Cola Europacific Partners by 0.4% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 47,496 shares of the company’s stock valued at $3,740,000 after purchasing an additional 177 shares in the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Down 2.4 %

NASDAQ:CCEP opened at $82.40 on Friday. Coca-Cola Europacific Partners PLC has a 12-month low of $65.94 and a 12-month high of $88.39. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The firm has a market capitalization of $37.98 billion, a P/E ratio of 16.95, a P/E/G ratio of 4.89 and a beta of 0.91. The stock’s fifty day simple moving average is $80.20 and its 200-day simple moving average is $78.87.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on CCEP shares. JPMorgan Chase & Co. cut Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $85.00 to $82.00 in a report on Wednesday, November 27th. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. UBS Group raised their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Kepler Capital Markets cut Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Finally, Evercore ISI lifted their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a research note on Tuesday, February 18th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, seven have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $86.67.

Coca-Cola Europacific Partners 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.