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Coca-Cola Europacific Partners (CCEP): A Top Contributor to Ave Maria World Equity Fund’s Performance

·2 min read

Investment management company Ave Maria recently released its “Ave Maria World Equity Fund” second quarter 2022 investor letter. A copy of the same can be downloaded here. At the end of the second quarter, the fund returned -14.19% compared to -15.66% for MSCI All Country World Index. Poor performance of large global markets affected the fund’s performance. You can check the top 5 holdings of the fund to know its best picks in 2022.

Ave Maria discussed stocks like Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in the second quarter investor letter. Headquartered in Uxbridge, the United Kingdom, Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) is a producer and distributor of a variety of non-alcoholic beverages. On August 24, 2022, Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) stock closed at $52.07 per share. One-month return of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) was -3.18% and its shares lost 9.73% of their value over the last 52 weeks. Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) has a market capitalization of $24.136 billion.

Here is what Ave Maria specifically said about Coca-Cola Europacific Partners PLC (NASDAQ:CCEP):

"Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) is the largest global Coca-Cola bottler by revenue. The management team has a track record of creating value for shareholders by consolidating and improving the operations of smaller bottlers. The company has been applying the same playbook to Coca-Cola Amatil, an Australian bottler with operations in 6 countries."

Pixabay / Public Domain

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) is not on the list of 30 Most Popular Stocks Among Hedge Funds. Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) was held by 22 hedge fund portfolios at the end of the second quarter compared to 31 in the previous quarter.

We discussed Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) in another article and shared the best stocks to buy according to billionaire Larry Robbins. You can check out our hedge fund investor letters Q2 2022 page for more investor letters from hedge funds and other prominent investors.

Disclosure: None. This article is originally published at Insider Monkey.