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

Vontobel Holding Ltd. increased its holdings in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 2,575.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 256,029 shares of the company’s stock after purchasing an additional 246,458 shares during the period. Vontobel Holding Ltd. owned 0.06% of Coca-Cola Europacific Partners worth $20,244,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Samlyn Capital LLC grew its stake in shares of Coca-Cola Europacific Partners by 23.2% in the 2nd quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock valued at $135,155,000 after purchasing an additional 349,466 shares during the last quarter. Millennium Management LLC grew its position in Coca-Cola Europacific Partners by 7.6% in the 2nd quarter. Millennium Management LLC now owns 1,636,023 shares of the company’s stock valued at $119,217,000 after buying an additional 115,604 shares during the last quarter. Point72 Asset Management L.P. increased its stake in Coca-Cola Europacific Partners by 144.1% in the 2nd quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company’s stock valued at $87,788,000 after buying an additional 711,121 shares during the period. Public Sector Pension Investment Board raised its position in Coca-Cola Europacific Partners by 3.4% during the 2nd quarter. Public Sector Pension Investment Board now owns 887,013 shares of the company’s stock worth $64,637,000 after buying an additional 29,181 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in shares of Coca-Cola Europacific Partners in the 1st quarter worth $47,839,000. 31.35% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on CCEP shares. BNP Paribas lowered shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target on the stock. in a research note on Tuesday, September 10th. Bank of America boosted their target price on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft increased their price objective on 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. Finally, Barclays decreased their target price on shares of Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating on the stock in a research report on Friday, October 11th. Two equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Coca-Cola Europacific Partners has a consensus 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 current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12. The company’s 50-day moving average price is $78.65 and its 200 day moving average price is $74.63. Coca-Cola Europacific Partners PLC has a 52 week low of $56.45 and a 52 week high of $82.32. The stock has a market cap of $35.15 billion, a price-to-earnings ratio of 16.41, a PEG ratio of 3.54 and a beta of 0.90.

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.