Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Shares Acquired by Vontobel Holding Ltd.

Vontobel Holding Ltd. increased its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 2,575.0% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 256,029 shares of the company’s stock after acquiring an additional 246,458 shares during the quarter. Vontobel Holding Ltd.’s holdings in Coca-Cola Europacific Partners were worth $20,244,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of CCEP. Creative Planning grew its position in shares of Coca-Cola Europacific Partners by 2.9% in the third quarter. Creative Planning now owns 33,685 shares of the company’s stock valued at $2,653,000 after purchasing an additional 942 shares during the period. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH boosted its stake in Coca-Cola Europacific Partners by 31.7% in the 3rd quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 91,263 shares of the company’s stock worth $7,191,000 after buying an additional 21,985 shares during the last quarter. Redhawk Wealth Advisors Inc. acquired a new position in shares of Coca-Cola Europacific Partners during the 3rd quarter valued at about $362,000. CWM LLC increased its stake in shares of Coca-Cola Europacific Partners by 14.5% during the 3rd quarter. CWM LLC now owns 1,318 shares of the company’s stock valued at $104,000 after acquiring an additional 167 shares during the last quarter. Finally, Diversified Trust Co purchased a new position in shares of Coca-Cola Europacific Partners during the 3rd quarter worth about $2,513,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a research report on Monday, September 9th. Bank of America upped their price objective on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a “buy” rating in a report on Wednesday, July 10th. Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. BNP Paribas lowered Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target for the company. in a research note on Tuesday, September 10th. Finally, Barclays reduced their price objective on Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating on the stock in a research note on Friday, October 11th. Two investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $80.88.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ CCEP opened at $76.94 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. Coca-Cola Europacific Partners PLC has a 1-year low of $56.45 and a 1-year high of $82.32. The company has a market capitalization of $35.15 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 3.54 and a beta of 0.90. The business has a 50-day moving average of $78.65 and a 200-day moving average of $74.63.

About Coca-Cola Europacific Partners

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.