Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Sold by Marathon Asset Management Ltd

Marathon Asset Management Ltd decreased its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 1.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,316,699 shares of the company's stock after selling 24,015 shares during the period. Coca-Cola Europacific Partners comprises 2.9% of Marathon Asset Management Ltd's holdings, making the stock its 6th largest holding. Marathon Asset Management Ltd owned approximately 0.29% of Coca-Cola Europacific Partners worth $103,690,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in CCEP. Crewe Advisors LLC acquired a new stake in Coca-Cola Europacific Partners in the first quarter valued at approximately $36,000. New Covenant Trust Company N.A. acquired a new stake in Coca-Cola Europacific Partners in the first quarter valued at approximately $36,000. New Millennium Group LLC acquired a new stake in Coca-Cola Europacific Partners in the second quarter valued at approximately $37,000. Mather Group LLC. boosted its position in Coca-Cola Europacific Partners by 142.0% in the second quarter. Mather Group LLC. now owns 668 shares of the company's stock valued at $47,000 after buying an additional 392 shares in the last quarter. Finally, Family Firm Inc. acquired a new stake in Coca-Cola Europacific Partners in the second quarter valued at approximately $56,000. Institutional investors and hedge funds own 31.35% of the company's stock.

Coca-Cola Europacific Partners Trading Up 2.6 %

NASDAQ CCEP traded up $2.00 during mid-day trading on Friday, reaching $78.72. 1,373,062 shares of the stock were exchanged, compared to its average volume of 1,410,452. Coca-Cola Europacific Partners PLC has a one year low of $56.45 and a one year high of $82.32. The stock has a 50 day simple moving average of $78.72 and a 200-day simple moving average of $74.64. The stock has a market cap of $35.96 billion, a P/E ratio of 16.78, a P/E/G ratio of 3.54 and a beta of 0.90. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the stock. Deutsche Bank Aktiengesellschaft raised their price target on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a "buy" rating in a research note on Monday, September 9th. Barclays dropped their price target on shares of Coca-Cola Europacific Partners from $85.00 to $84.00 and set an "overweight" rating for the company in a research note on Friday, October 11th. BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an "outperform" rating to a "neutral" rating and set a $81.00 price target for the company. in a research note on Tuesday, September 10th. Bank of America raised their price target on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a "buy" rating in a research note on Wednesday, July 10th. Finally, Citigroup raised shares of Coca-Cola Europacific Partners to a "strong-buy" rating in a research note on Thursday, October 3rd. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $80.88.

About Coca-Cola Europacific Partners

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.