Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Receives $87.13 Average Price Target from Brokerages

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) has been assigned a consensus recommendation of “Moderate Buy” from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, six have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $87.13.

CCEP has been the subject of several recent research reports. Evercore ISI boosted their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Finally, Barclays lifted their price objective on shares of Coca-Cola Europacific Partners from $99.00 to $100.00 and gave the company an “overweight” rating in a report on Friday, April 11th.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Institutional investors have recently added to or reduced their stakes in the company. Retirement Systems of Alabama purchased a new position in shares of Coca-Cola Europacific Partners in the 1st quarter worth approximately $5,988,000. Guided Capital Wealth Management LLC bought a new stake in Coca-Cola Europacific Partners during the first quarter worth $209,000. QRG Capital Management Inc. bought a new stake in Coca-Cola Europacific Partners during the first quarter worth $281,000. Cyndeo Wealth Partners LLC boosted its position in Coca-Cola Europacific Partners by 13.9% in the first quarter. Cyndeo Wealth Partners LLC now owns 138,629 shares of the company’s stock worth $12,065,000 after purchasing an additional 16,923 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in Coca-Cola Europacific Partners by 2.4% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 46,688 shares of the company’s stock valued at $4,063,000 after purchasing an additional 1,097 shares during the period. 31.35% of the stock is owned by institutional investors.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP opened at $88.47 on Thursday. The stock has a 50-day moving average of $85.55 and a 200-day moving average of $80.18. Coca-Cola Europacific Partners has a one year low of $67.80 and a one year high of $91.29. The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The company has a market cap of $40.78 billion, a PE ratio of 18.20, a P/E/G ratio of 4.89 and a beta of 0.73.

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.