Vontobel Holding Ltd. Buys 280,867 Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP)

Vontobel Holding Ltd. boosted its position in shares of Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 85.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 610,289 shares of the company's stock after acquiring an additional 280,867 shares during the quarter. Vontobel Holding Ltd. owned 0.13% of Coca-Cola Europacific Partners worth $51,909,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. SBI Securities Co. Ltd. bought a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $27,000. NBC Securities Inc. acquired a new position in shares of Coca-Cola Europacific Partners during the 1st quarter worth approximately $28,000. Optiver Holding B.V. bought a new stake in Coca-Cola Europacific Partners in the 4th quarter valued at $29,000. Summit Securities Group LLC bought a new stake in Coca-Cola Europacific Partners in the 4th quarter valued at $34,000. Finally, Versant Capital Management Inc lifted its holdings in Coca-Cola Europacific Partners by 395.3% during the 1st quarter. Versant Capital Management Inc now owns 1,486 shares of the company's stock valued at $129,000 after purchasing an additional 1,186 shares during the last quarter. Institutional investors and hedge funds own 31.35% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wall Street Zen upgraded shares of Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a report on Friday, June 27th. UBS Group upped 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 note on Wednesday. Finally, Barclays increased their price target on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the company an "overweight" rating in a report on Thursday, May 1st. One analyst has rated the stock with a sell rating, three have issued a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $89.13.

Coca-Cola Europacific Partners Price Performance

CCEP traded up $3.38 during trading on Thursday, hitting $96.96. 2,592,692 shares of the stock traded hands, compared to its average volume of 2,234,591. The business has a 50 day moving average price of $90.62 and a 200 day moving average price of $84.85. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.62. Coca-Cola Europacific Partners has a twelve month low of $71.49 and a twelve month high of $96.55. The company has a market cap of $44.69 billion, a price-to-earnings ratio of 19.95, a PEG ratio of 5.02 and a beta of 0.77.

Coca-Cola Europacific Partners Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, May 27th. Investors of record on Friday, May 16th were paid a $0.8993 dividend. This represents a yield of 2.4%. The ex-dividend date was Friday, May 16th.

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.