Marathon Asset Management Ltd Has $102.24 Million Stock Holdings in Coca-Cola Europacific Partners $CCEP

Marathon Asset Management Ltd lowered its position in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 3.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,127,175 shares of the company’s stock after selling 38,015 shares during the period. Coca-Cola Europacific Partners comprises 3.9% of Marathon Asset Management Ltd’s holdings, making the stock its 4th largest position. Marathon Asset Management Ltd owned 0.24% of Coca-Cola Europacific Partners worth $102,235,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Coca-Cola Europacific Partners by 13.5% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 123,094 shares of the company’s stock valued at $11,129,000 after buying an additional 14,670 shares in the last quarter. Intech Investment Management LLC bought a new stake in shares of Coca-Cola Europacific Partners in the 3rd quarter valued at $980,000. Vestcor Inc increased its position in shares of Coca-Cola Europacific Partners by 14.4% in the 3rd quarter. Vestcor Inc now owns 80,665 shares of the company’s stock valued at $7,293,000 after buying an additional 10,125 shares in the last quarter. NEOS Investment Management LLC increased its position in shares of Coca-Cola Europacific Partners by 77.1% in the 3rd quarter. NEOS Investment Management LLC now owns 146,000 shares of the company’s stock valued at $13,200,000 after buying an additional 63,554 shares in the last quarter. Finally, iA Global Asset Management Inc. increased its position in shares of Coca-Cola Europacific Partners by 11.8% in the 3rd quarter. iA Global Asset Management Inc. now owns 124,169 shares of the company’s stock valued at $11,226,000 after buying an additional 13,135 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

CCEP stock opened at $91.86 on Wednesday. The stock has a 50-day moving average price of $95.23 and a two-hundred day moving average price of $94.02. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23. Coca-Cola Europacific Partners has a 1 year low of $84.65 and a 1 year high of $110.90.

Coca-Cola Europacific Partners Dividend Announcement

The firm also recently disclosed a dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Friday, May 15th will be paid a dividend of $0.82 per share. This represents a dividend yield of 213.0%. The ex-dividend date is Friday, May 15th.

Wall Street Analysts Forecast Growth

CCEP has been the subject of a number of research reports. Evercore reiterated an “outperform” rating and set a $112.00 target price on shares of Coca-Cola Europacific Partners in a report on Wednesday, February 18th. Citigroup reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, February 19th. The Goldman Sachs Group increased their target price on Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a report on Wednesday, February 18th. Weiss Ratings cut Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday. Finally, UBS Group increased their target price on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the stock a “buy” rating in a report on Wednesday, April 29th. Seven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $106.00.

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.