Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Given Consensus Rating of “Buy” by Brokerages

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) has received an average recommendation of “Buy” from the ten brokerages that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a hold recommendation, eight have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $81.22.

A number of analysts have weighed in on CCEP shares. Barclays raised their price objective on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Evercore ISI raised their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a research note on Wednesday, November 6th. Deutsche Bank Aktiengesellschaft raised their price objective on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 9th. BNP Paribas lowered shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective for the company. in a research note on Tuesday, September 10th. Finally, Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd.

Coca-Cola Europacific Partners Trading Up 0.1 %

Shares of NASDAQ CCEP opened at $78.21 on Monday. 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 company has a 50 day simple moving average of $77.87 and a two-hundred day simple moving average of $76.06. Coca-Cola Europacific Partners has a fifty-two week low of $59.31 and a fifty-two week high of $82.32.

Coca-Cola Europacific Partners Increases Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Tuesday, December 3rd. Shareholders of record on Friday, November 15th will be given a dividend of $1.34 per share. This is a boost from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. The ex-dividend date is Friday, November 15th. This represents a yield of 2.6%.

Institutional Trading of Coca-Cola Europacific Partners

A number of hedge funds have recently added to or reduced their stakes in CCEP. New Covenant Trust Company N.A. purchased a new stake in Coca-Cola Europacific Partners in the first quarter worth about $36,000. Crewe Advisors LLC purchased a new stake in Coca-Cola Europacific Partners in the first quarter valued at $36,000. New Millennium Group LLC purchased a new stake in shares of Coca-Cola Europacific Partners in the second quarter worth about $37,000. Whittier Trust Co. of Nevada Inc. raised its position 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 valued at $40,000 after acquiring an additional 139 shares in the last quarter. Finally, Mather Group LLC. boosted its position in Coca-Cola Europacific Partners by 142.0% in the 2nd quarter. Mather Group LLC. now owns 668 shares of the company’s stock worth $47,000 after purchasing an additional 392 shares in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

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.