Coca-Cola Europacific Partners $CCEP is Marathon Asset Management Ltd’s 3rd Largest Position

Marathon Asset Management Ltd trimmed its stake in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) by 1.3% during the 3rd quarter, Holdings Channel.com reports. The fund owned 1,165,190 shares of the company’s stock after selling 14,892 shares during the quarter. Coca-Cola Europacific Partners accounts for approximately 3.9% of Marathon Asset Management Ltd’s portfolio, making the stock its 3rd largest position. Marathon Asset Management Ltd’s holdings in Coca-Cola Europacific Partners were worth $105,345,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. First Horizon Advisors Inc. grew its holdings in shares of Coca-Cola Europacific Partners by 61.3% in the second quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $34,000 after purchasing an additional 138 shares during the last quarter. Westerkirk Capital Inc. purchased a new stake in Coca-Cola Europacific Partners during the 2nd quarter valued at $37,000. MAI Capital Management grew its holdings in Coca-Cola Europacific Partners by 113.4% in the 2nd quarter. MAI Capital Management now owns 414 shares of the company’s stock worth $38,000 after acquiring an additional 220 shares during the last quarter. Quarry LP increased its position in shares of Coca-Cola Europacific Partners by 115.8% in the first quarter. Quarry LP now owns 436 shares of the company’s stock valued at $38,000 after acquiring an additional 234 shares during the period. Finally, Assetmark Inc. raised its stake in shares of Coca-Cola Europacific Partners by 110.2% during the second quarter. Assetmark Inc. now owns 597 shares of the company’s stock valued at $55,000 after acquiring an additional 313 shares during the last quarter. Institutional investors own 31.35% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, October 30th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Friday, November 28th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $99.33.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock opened at $91.69 on Monday. Coca-Cola Europacific Partners has a fifty-two week low of $73.40 and a fifty-two week high of $100.67. The stock’s 50 day simple moving average is $90.79 and its two-hundred day simple moving average is $91.66. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 1.15.

Coca-Cola Europacific Partners Announces Dividend

The company also recently declared a dividend, which was paid on Wednesday, December 3rd. Investors of record on Friday, November 14th were paid a $1.25 dividend. This represents a yield of 277.0%. The ex-dividend date of this dividend was Friday, November 14th.

Coca-Cola Europacific Partners Company Profile

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.