Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Receives $80.88 Consensus Price Target from Analysts

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) have been assigned a consensus rating of “Buy” from the nine brokerages that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $80.88.

Several analysts recently commented on the company. Barclays cut their price objective on Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating for the company in a report on Friday, October 11th. BNP Paribas lowered shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target for the company. in a research report on Tuesday, September 10th. Bank of America increased their price objective on shares of 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. Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 9th.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Park Avenue Securities LLC lifted its stake in shares of Coca-Cola Europacific Partners by 7.7% during the 1st quarter. Park Avenue Securities LLC now owns 14,366 shares of the company’s stock valued at $1,005,000 after buying an additional 1,027 shares in the last quarter. Transform Wealth LLC bought a new position in shares of Coca-Cola Europacific Partners in the first quarter worth about $7,885,000. Hennion & Walsh Asset Management Inc. grew its position in shares of Coca-Cola Europacific Partners by 21.4% during the first quarter. Hennion & Walsh Asset Management Inc. now owns 12,206 shares of the company’s stock worth $854,000 after purchasing an additional 2,150 shares in the last quarter. Skyline Advisors Inc. bought a new stake in Coca-Cola Europacific Partners during the 1st quarter valued at approximately $205,000. Finally, BKM Wealth Management LLC lifted its holdings in Coca-Cola Europacific Partners by 31.7% in the 1st quarter. BKM Wealth Management LLC now owns 7,152 shares of the company’s stock worth $500,000 after purchasing an additional 1,720 shares in the last quarter. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP opened at $77.98 on Thursday. The firm has a fifty day simple moving average of $79.04 and a two-hundred day simple moving average of $75.01. The firm has a market cap of $35.62 billion, a PE ratio of 16.63, a P/E/G ratio of 3.54 and a beta of 0.90. 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 has a 1-year low of $57.48 and a 1-year high of $82.32.

About Coca-Cola Europacific Partners

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.