Fox Run Management L.L.C. Takes Position in Coca-Cola Europacific Partners $CCEP

Key Points

• Fox Run Management L.L.C. has acquired a new stake in Coca-Cola Europacific Partners (NASDAQ:CCEP), purchasing 7,926 shares valued at approximately $690,000 in the first quarter.
• Several other institutional investors have also increased their holdings in CCEP, with significant investments from **Assetmark Inc.** and **Cullen Frost Bankers Inc.**, indicating a growing interest in the company.
• Recent analyst ratings for CCEP show a mix of opinions, with one analysis downgrading to "hold," while another firm set a higher price target, reflecting varied expectations for stock performance.

Fox Run Management L.L.C. bought a new position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 7,926 shares of the company's stock, valued at approximately $690,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 462.7% in the 1st quarter. Vanguard Group Inc. now owns 9,883,600 shares of the company's stock valued at $862,167,000 after buying an additional 8,126,996 shares in the last quarter. Nuveen LLC acquired a new position in Coca-Cola Europacific Partners during the first quarter worth approximately $162,036,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in Coca-Cola Europacific Partners by 253.8% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,948,024 shares of the company's stock valued at $169,537,000 after buying an additional 1,397,394 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in Coca-Cola Europacific Partners by 24.3% in the first quarter. Goldman Sachs Group Inc. now owns 6,205,337 shares of the company's stock valued at $540,050,000 after buying an additional 1,214,493 shares during the last quarter. Finally, Jane Street Group LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 842.4% in the fourth quarter. Jane Street Group LLC now owns 714,988 shares of the company's stock valued at $54,918,000 after acquiring an additional 639,119 shares during the period. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock traded down $0.5480 during trading hours on Friday, reaching $90.6420. 918,280 shares of the company's stock were exchanged, compared to its average volume of 2,130,248. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. Coca-Cola Europacific Partners has a 1 year low of $73.40 and a 1 year high of $100.67. The company has a market cap of $41.78 billion, a P/E ratio of 18.65, a price-to-earnings-growth ratio of 2.69 and a beta of 0.75. The company's 50 day moving average is $94.68 and its two-hundred day moving average is $89.57.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Morgan Stanley lowered shares of Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a research note on Thursday, August 7th. Wall Street Zen cut shares of Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a report on Saturday, July 5th. UBS Group increased their target price on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a research note on Wednesday, July 2nd. Finally, Barclays dropped their price target on 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. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Coca-Cola Europacific Partners has a consensus rating of "Moderate Buy" and a consensus price target of $90.43.

Coca-Cola Europacific Partners Company 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.