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

Vontobel Holding Ltd. lifted its stake in Coca-Cola Europacific Partners (NASDAQ:CCEP) by 38.0% in the fourth quarter, HoldingsChannel.com reports. The fund owned 369,984 shares of the company’s stock after purchasing an additional 101,937 shares during the period. Vontobel Holding Ltd.’s holdings in Coca-Cola Europacific Partners were worth $33,555,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Intech Investment Management LLC purchased a new position in shares of Coca-Cola Europacific Partners in the third quarter worth approximately $980,000. Vestcor Inc boosted its holdings in shares of Coca-Cola Europacific Partners by 14.4% in the third quarter. Vestcor Inc now owns 80,665 shares of the company’s stock worth $7,293,000 after buying an additional 10,125 shares during the last quarter. NEOS Investment Management LLC boosted its holdings in shares of Coca-Cola Europacific Partners by 77.1% in the third quarter. NEOS Investment Management LLC now owns 146,000 shares of the company’s stock worth $13,200,000 after buying an additional 63,554 shares during the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Coca-Cola Europacific Partners by 10.0% in the third quarter. Public Sector Pension Investment Board now owns 152,283 shares of the company’s stock worth $13,768,000 after buying an additional 13,800 shares during the last quarter. Finally, M&T Bank Corp boosted its holdings in shares of Coca-Cola Europacific Partners by 298.4% in the fourth quarter. M&T Bank Corp now owns 25,603 shares of the company’s stock worth $2,322,000 after buying an additional 19,176 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on CCEP. Citigroup reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Thursday, February 19th. Evercore reaffirmed an “outperform” rating and set a $112.00 price target on shares of Coca-Cola Europacific Partners in a report on Wednesday, February 18th. UBS Group lifted their price target on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Wells Fargo & Company assumed coverage on shares of Coca-Cola Europacific Partners in a report on Friday. They set an “overweight” rating and a $110.00 price target on the stock. Finally, Weiss Ratings downgraded shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a report on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Coca-Cola Europacific Partners presently has an average rating of “Moderate Buy” and a consensus target price of $106.50.

Coca-Cola Europacific Partners Trading Up 1.7%

Coca-Cola Europacific Partners stock opened at $99.34 on Friday. The company has a current ratio of 0.80, a quick ratio of 0.60 and a debt-to-equity ratio of 1.23. Coca-Cola Europacific Partners has a 1 year low of $84.65 and a 1 year high of $110.90. The firm’s 50 day moving average price is $94.56 and its 200-day moving average price is $94.51.

Coca-Cola Europacific Partners Announces Dividend

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

Coca-Cola Europacific Partners Company 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.