Vontobel Holding Ltd. Has $2.27 Million Stock Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Vontobel Holding Ltd. boosted its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 1.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,938 shares of the company’s stock after purchasing an additional 324 shares during the quarter. Vontobel Holding Ltd.’s holdings in Coca-Cola Europacific Partners were worth $2,267,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. boosted its holdings in shares of Coca-Cola Europacific Partners by 5.0% during the 1st quarter. BlackRock Inc. now owns 14,447,992 shares of the company’s stock worth $702,316,000 after buying an additional 685,745 shares during the period. FMR LLC grew its position in shares of Coca-Cola Europacific Partners by 3.7% in the third quarter. FMR LLC now owns 6,359,772 shares of the company’s stock valued at $397,359,000 after purchasing an additional 225,744 shares during the last quarter. State Street Corp grew its position in shares of Coca-Cola Europacific Partners by 0.5% in the first quarter. State Street Corp now owns 4,609,815 shares of the company’s stock valued at $272,855,000 after purchasing an additional 21,053 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of Coca-Cola Europacific Partners by 20.0% during the first quarter. Wellington Management Group LLP now owns 3,865,724 shares of the company’s stock worth $187,912,000 after purchasing an additional 643,635 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its holdings in Coca-Cola Europacific Partners by 8.4% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 3,055,875 shares of the company’s stock worth $180,859,000 after purchasing an additional 237,392 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on CCEP shares. UBS Group increased their price objective on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the stock a “buy” rating in a research report on Monday, February 26th. Argus raised their price target on shares of Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Barclays boosted their price objective on shares of Coca-Cola Europacific Partners from $74.00 to $75.00 and gave the company an “overweight” rating in a report on Tuesday, February 27th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a research report on Thursday, March 28th. Finally, BNP Paribas upgraded shares of Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 price target for the company in a research report on Friday, January 12th. One research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $74.02.

Coca-Cola Europacific Partners Stock Performance

Shares of Coca-Cola Europacific Partners stock opened at $66.60 on Friday. The company has a 50 day moving average of $69.29 and a 200-day moving average of $65.23. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 1.27. Coca-Cola Europacific Partners PLC has a 1-year low of $56.28 and a 1-year high of $72.67.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last released its earnings results on Friday, February 23rd. The company reported $1.85 earnings per share for the quarter, hitting the consensus estimate of $1.85. Research analysts expect that Coca-Cola Europacific Partners PLC will post 4.18 earnings per share for the current fiscal year.

Coca-Cola Europacific Partners 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.