Vontobel Holding Ltd. Buys 101,937 Shares of Coca-Cola Europacific Partners $CCEP

Vontobel Holding Ltd. grew its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 38.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 369,984 shares of the company’s stock after purchasing an additional 101,937 shares during the quarter. Vontobel Holding Ltd. owned about 0.08% of Coca-Cola Europacific Partners worth $33,555,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in CCEP. Fideuram Asset Management Ireland dac bought a new position in Coca-Cola Europacific Partners in the 4th quarter worth $55,000. Geneos Wealth Management Inc. increased its stake in shares of Coca-Cola Europacific Partners by 23.9% in the 1st quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock worth $70,000 after acquiring an additional 156 shares in the last quarter. Brown Brothers Harriman & Co. increased its stake in shares of Coca-Cola Europacific Partners by 18.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 1,015 shares of the company’s stock worth $92,000 after acquiring an additional 155 shares in the last quarter. Assetmark Inc. increased its stake in shares of Coca-Cola Europacific Partners by 76.0% in the 3rd quarter. Assetmark Inc. now owns 1,051 shares of the company’s stock worth $95,000 after acquiring an additional 454 shares in the last quarter. Finally, Maseco LLP increased its stake in shares of Coca-Cola Europacific Partners by 20.6% in the 4th quarter. Maseco LLP now owns 1,123 shares of the company’s stock worth $103,000 after acquiring an additional 192 shares in the last quarter. 31.35% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on CCEP shares. Barclays increased their price target on shares of Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the stock an “overweight” rating in a research note on Thursday, April 30th. The Goldman Sachs Group increased their price target on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the stock a “buy” rating in a research note on Wednesday, February 18th. Weiss Ratings lowered shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Wells Fargo & Company started coverage on shares of Coca-Cola Europacific Partners in a research note on Friday. They issued an “overweight” rating and a $110.00 price target for the company. Finally, JPMorgan Chase & Co. increased their price target on shares of Coca-Cola Europacific Partners from $89.00 to $93.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 18th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $106.50.

Coca-Cola Europacific Partners Stock Up 1.7%

NASDAQ:CCEP opened at $99.34 on Friday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.60 and a current ratio of 0.80. Coca-Cola Europacific Partners has a fifty-two week low of $84.65 and a fifty-two week high of $110.90. The firm has a 50-day simple moving average of $94.56 and a two-hundred day simple moving average of $94.51.

Coca-Cola Europacific Partners Announces Dividend

The business also recently declared a dividend, which was paid on Wednesday, May 27th. Stockholders of record on Friday, May 15th were paid a $0.82 dividend. The ex-dividend date was Friday, May 15th. This represents a dividend yield of 213.0%.

Coca-Cola Europacific Partners Profile

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.