Vontobel Holding Ltd. Has $24.65 Million Stake in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Vontobel Holding Ltd. increased its stake in shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP - Free Report) by 28.7% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 329,422 shares of the company's stock after acquiring an additional 73,393 shares during the period. Vontobel Holding Ltd. owned about 0.07% of Coca-Cola Europacific Partners worth $24,651,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. MassMutual Private Wealth & Trust FSB grew its position in shares of Coca-Cola Europacific Partners by 85.3% in the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company's stock valued at $33,000 after acquiring an additional 197 shares during the period. Whittier Trust Co. of Nevada Inc. grew its holdings in Coca-Cola Europacific Partners by 38.1% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company's stock worth $40,000 after purchasing an additional 139 shares during the period. Plato Investment Management Ltd bought a new position in Coca-Cola Europacific Partners during the third quarter worth about $50,000. Brown Brothers Harriman & Co. raised its stake in Coca-Cola Europacific Partners by 1,604.0% in the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company's stock valued at $67,000 after buying an additional 802 shares during the period. Finally, Blue Trust Inc. lifted its position in shares of Coca-Cola Europacific Partners by 21.5% in the third quarter. Blue Trust Inc. now owns 1,023 shares of the company's stock valued at $75,000 after buying an additional 181 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on CCEP shares. JPMorgan Chase & Co. lowered Coca-Cola Europacific Partners from an "overweight" rating to a "neutral" rating and decreased their target price for the stock from $85.00 to $82.00 in a report on Wednesday, November 27th. UBS Group increased their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a "buy" rating in a research report on Thursday, December 12th. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an "equal weight" rating to an "overweight" rating in a research note on Monday, December 9th. Sanford C. Bernstein initiated coverage on shares of Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a "market perform" rating and a $82.00 price target on the stock. Finally, Evercore ISI boosted their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an "outperform" rating in a report on Tuesday. Four investment 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. Based on data from MarketBeat.com, Coca-Cola Europacific Partners currently has an average rating of "Moderate Buy" and an average target price of $85.00.

Coca-Cola Europacific Partners Stock Up 2.4 %

Shares of CCEP stock traded up $2.06 during trading on Tuesday, hitting $86.96. The company had a trading volume of 1,569,083 shares, compared to its average volume of 1,593,058. The stock's 50-day moving average price is $77.66 and its 200 day moving average price is $77.80. Coca-Cola Europacific Partners PLC has a one year low of $65.94 and a one year high of $86.93. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12.

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.