Capricorn Fund Managers Ltd Has $2.32 Million Position in Coca-Cola Europacific Partners $CCEP

Key Points

• Capricorn Fund Managers Ltd has decreased its position in Coca-Cola Europacific Partners by 33.2%, now holding 25,000 shares valued at $2.32 million.
• Several institutional investors, including Assetmark Inc. and Cullen Frost Bankers Inc., have recently increased their stakes in the company, indicating growing interest among hedge funds.
• Coca-Cola Europacific Partners has a market cap of $40.46 billion and its stock price has seen a high of $100.67 and a low of $73.40 over the past year.

Capricorn Fund Managers Ltd reduced its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 33.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 25,000 shares of the company's stock after selling 12,448 shares during the period. Capricorn Fund Managers Ltd's holdings in Coca-Cola Europacific Partners were worth $2,318,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Assetmark Inc. boosted its position in Coca-Cola Europacific Partners by 107.3% in the first quarter. Assetmark Inc. now owns 284 shares of the company's stock valued at $25,000 after buying an additional 147 shares in the last quarter. NBC Securities Inc. acquired a new position in Coca-Cola Europacific Partners in the first quarter valued at about $28,000. Cullen Frost Bankers Inc. boosted its position in Coca-Cola Europacific Partners by 204.2% in the first quarter. Cullen Frost Bankers Inc. now owns 365 shares of the company's stock valued at $32,000 after buying an additional 245 shares in the last quarter. HM Payson & Co. acquired a new position in Coca-Cola Europacific Partners in the first quarter valued at about $33,000. Finally, Motco boosted its position in Coca-Cola Europacific Partners by 285.7% in the first quarter. Motco now owns 405 shares of the company's stock valued at $35,000 after buying an additional 300 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock opened at $87.77 on Friday. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. The firm has a market cap of $40.46 billion, a P/E ratio of 18.06, a P/E/G ratio of 2.47 and a beta of 0.76. The firm has a 50 day simple moving average of $91.11 and a 200 day simple moving average of $90.70. Coca-Cola Europacific Partners has a fifty-two week low of $73.40 and a fifty-two week high of $100.67.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. UBS Group boosted their price target on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a research report on Wednesday, July 2nd. Morgan Stanley lowered shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research report on Thursday, August 7th. Weiss Ratings reaffirmed a "buy (b+)" rating on shares of Coca-Cola Europacific Partners in a research note on Saturday, September 27th. Barclays reduced their target price on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating on the stock in a research report on Friday, August 8th. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Five research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $92.40.

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.

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