Coca-Cola Europacific Partners $CCEP Shares Sold by Vontobel Holding Ltd.

Key Points

• Vontobel Holding Ltd. has reduced its stake in Coca-Cola Europacific Partners by 41.7%, selling 254,482 shares, and now owns approximately 0.08% of the company valued at $32.9 million.
• Major institutional investors like Vanguard Group and Invesco Ltd. have significantly increased their holdings in Coca-Cola Europacific Partners, indicating strong interest from larger financial entities.
• Recent analyst ratings are mixed, with Morgan Stanley downgrading the stock from "overweight" to "equal weight," while groups such as UBS maintain a "buy" rating with a target price increase to $105.

Vontobel Holding Ltd. reduced its position in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 41.7% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 355,807 shares of the company's stock after selling 254,482 shares during the quarter. Vontobel Holding Ltd. owned about 0.08% of Coca-Cola Europacific Partners worth $32,907,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in the stock. Invesco Ltd. grew its holdings in Coca-Cola Europacific Partners by 2.1% in the 1st quarter. Invesco Ltd. now owns 10,335,894 shares of the company's stock valued at $899,533,000 after buying an additional 215,966 shares in the last quarter. Vanguard Group Inc. grew its holdings in 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. Goldman Sachs Group Inc. grew its holdings in Coca-Cola Europacific Partners by 24.3% in the 1st 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 in the last quarter. Amundi grew its holdings in Coca-Cola Europacific Partners by 1.6% in the 1st quarter. Amundi now owns 3,128,598 shares of the company's stock valued at $281,009,000 after buying an additional 49,747 shares in the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Coca-Cola Europacific Partners by 4.9% in the 1st quarter. JPMorgan Chase & Co. now owns 3,030,119 shares of the company's stock valued at $263,711,000 after buying an additional 142,019 shares in the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on CCEP shares. Morgan Stanley cut Coca-Cola Europacific Partners from an "overweight" rating to an "equal weight" rating in a report on Thursday, August 7th. UBS Group upped their target price on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a "buy" rating in a report on Wednesday, July 2nd. Barclays cut their price objective on Coca-Cola Europacific Partners from $104.00 to $103.00 and set an "overweight" rating for the company in a research report on Friday, August 8th. Weiss Ratings reissued a "buy (b+)" rating on shares of Coca-Cola Europacific Partners in a research report on Wednesday. Finally, Wall Street Zen downgraded Coca-Cola Europacific Partners from a "buy" rating to a "hold" rating in a research report on Saturday, July 5th. Five analysts have rated the stock with a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat.com, Coca-Cola Europacific Partners presently has an average rating of "Hold" and an average target price of $92.40.

Coca-Cola Europacific Partners Stock Up 0.5%

Shares of NASDAQ:CCEP opened at $87.63 on Friday. The business has a 50-day moving average price of $90.25 and a 200 day moving average price of $90.77. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 1.15. The company has a market capitalization of $40.39 billion, a price-to-earnings ratio of 18.03, a PEG ratio of 2.45 and a beta of 0.77. Coca-Cola Europacific Partners has a 12-month low of $73.40 and a 12-month high of $100.67.

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.

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