Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) is Marathon Asset Management Ltd's 7th Largest Position

Marathon Asset Management Ltd lowered its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 3.1% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,275,961 shares of the company's stock after selling 40,738 shares during the period. Coca-Cola Europacific Partners comprises approximately 2.7% of Marathon Asset Management Ltd's investment portfolio, making the stock its 7th biggest position. Marathon Asset Management Ltd owned approximately 0.28% of Coca-Cola Europacific Partners worth $98,007,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. SBI Securities Co. Ltd. purchased a new stake in Coca-Cola Europacific Partners in the 4th quarter worth $27,000. MassMutual Private Wealth & Trust FSB raised its stake in Coca-Cola Europacific Partners by 85.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock valued at $33,000 after purchasing an additional 197 shares during the last quarter. Plato Investment Management Ltd acquired a new position in Coca-Cola Europacific Partners in the 3rd quarter valued at $50,000. Whipplewood Advisors LLC purchased a new position in Coca-Cola Europacific Partners in the 4th quarter valued at $52,000. Finally, Brown Brothers Harriman & Co. boosted its stake in Coca-Cola Europacific Partners by 1,604.0% during the 3rd quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company's stock worth $67,000 after purchasing an additional 802 shares during the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on CCEP. Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a "hold" rating to a "reduce" rating in a research report on Tuesday, February 25th. UBS Group raised their target price on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a "buy" rating in a research note on Thursday, December 12th. Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a "market perform" rating and a $82.00 price target for the company. Evercore ISI lifted their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. lowered shares of Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and decreased their target price for the company from $85.00 to $82.00 in a report on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $86.67.

Remove Ads

Coca-Cola Europacific Partners Trading Down 0.3 %

Shares of Coca-Cola Europacific Partners stock traded down $0.24 on Thursday, reaching $84.45. The company had a trading volume of 2,967,532 shares, compared to its average volume of 1,350,332. The firm's 50 day moving average price is $79.92 and its two-hundred day moving average price is $78.79. The company has a debt-to-equity ratio of 1.11, a quick ratio of 0.63 and a current ratio of 0.81. Coca-Cola Europacific Partners PLC has a 52-week low of $65.94 and a 52-week high of $88.39. The firm has a market cap of $38.93 billion, a PE ratio of 17.38, a PEG ratio of 4.89 and a beta of 0.91.

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.