Vontobel Holding Ltd. Has $20.24 Million Position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Vontobel Holding Ltd. lifted its position in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 2,575.0% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. 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 filing with the Securities and Exchange Commission.

A number of other large investors also recently made changes to their positions in the company. Signaturefd LLC increased its stake in shares of Coca-Cola Europacific Partners by 2.6% during the second quarter. Signaturefd LLC now owns 5,735 shares of the company's stock worth $418,000 after purchasing an additional 147 shares during the period. Waverly Advisors LLC increased its stake in shares of Coca-Cola Europacific Partners by 1.0% during the first quarter. Waverly Advisors LLC now owns 14,856 shares of the company's stock worth $1,039,000 after purchasing an additional 151 shares during the period. CWM LLC increased its stake in shares of Coca-Cola Europacific Partners by 14.5% during the third quarter. CWM LLC now owns 1,318 shares of the company's stock worth $104,000 after purchasing an additional 167 shares during the period. Legacy Financial Advisors Inc. increased its stake in shares of Coca-Cola Europacific Partners by 3.8% during the second quarter. Legacy Financial Advisors Inc. now owns 4,605 shares of the company's stock worth $336,000 after purchasing an additional 168 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its stake in shares of Coca-Cola Europacific Partners by 0.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 46,994 shares of the company's stock worth $3,424,000 after purchasing an additional 186 shares during the period. Institutional investors own 31.35% of the company's stock.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP traded down $0.22 during midday trading on Thursday, hitting $76.72. The company's stock had a trading volume of 1,249,193 shares, compared to its average volume of 1,410,099. Coca-Cola Europacific Partners PLC has a one year low of $56.45 and a one year high of $82.32. The company's fifty day simple moving average is $78.72 and its two-hundred day simple moving average is $74.64. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $35.04 billion, a price-to-earnings ratio of 16.36, a price-to-earnings-growth ratio of 3.54 and a beta of 0.90.

Wall Street Analyst Weigh In

A number of equities analysts have commented on CCEP shares. Barclays lowered 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. BNP Paribas lowered Coca-Cola Europacific Partners from an "outperform" rating to a "neutral" rating and set a $81.00 price objective on the stock. in a research note on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft raised their price objective on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a "buy" rating in a research note on Monday, September 9th. Bank of America raised their price objective on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a "buy" rating in a research note on Wednesday, July 10th. Finally, Citigroup upgraded Coca-Cola Europacific Partners to a "strong-buy" rating in a research note on Thursday, October 3rd. 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 company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $80.88.

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.