Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock Position Raised by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its position in Coca-Cola Europacific Partners (NASDAQ:CCEP - Free Report) by 85.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 610,289 shares of the company's stock after buying an additional 280,867 shares during the quarter. Vontobel Holding Ltd. owned about 0.13% of Coca-Cola Europacific Partners worth $51,909,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in CCEP. SBI Securities Co. Ltd. acquired a new position in shares of Coca-Cola Europacific Partners during the 4th quarter valued at $27,000. NBC Securities Inc. acquired a new position in shares of Coca-Cola Europacific Partners during the first quarter worth about $28,000. Optiver Holding B.V. purchased a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $29,000. Summit Securities Group LLC acquired a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at about $34,000. Finally, Versant Capital Management Inc raised its holdings in shares of 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 buying an additional 1,186 shares during the period. Hedge funds and other institutional investors own 31.35% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. UBS Group upped their price target on Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the stock a "buy" rating in a report on Wednesday. Wall Street Zen raised shares of Coca-Cola Europacific Partners from a "hold" rating to a "buy" rating in a report on Friday, June 27th. Finally, Barclays boosted their price objective on shares of Coca-Cola Europacific Partners from $100.00 to $101.00 and gave the stock an "overweight" rating in a report on Thursday, May 1st. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Coca-Cola Europacific Partners presently has an average rating of "Moderate Buy" and an average price target of $89.13.

Coca-Cola Europacific Partners Stock Up 3.6%

NASDAQ:CCEP traded up $3.38 during mid-day trading on Friday, reaching $96.96. The stock had a trading volume of 2,593,818 shares, compared to its average volume of 1,811,569. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.62. The company has a market capitalization of $44.69 billion, a price-to-earnings ratio of 19.95, a price-to-earnings-growth ratio of 5.00 and a beta of 0.77. Coca-Cola Europacific Partners has a 1-year low of $71.49 and a 1-year high of $96.55. The stock's 50 day simple moving average is $90.98 and its two-hundred day simple moving average is $85.12.

Coca-Cola Europacific Partners Cuts Dividend

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

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.