Barclays Issues Positive Forecast for Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock Price

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its target price hoisted by Barclays from $108.00 to $114.00 in a research report issued on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 7.41% from the company’s previous close.

Other analysts have also issued reports about the stock. Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, July 2nd. Weiss Ratings lowered shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. UBS Group upped their price objective on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Wells Fargo & Company raised their price objective on Coca-Cola Europacific Partners from $110.00 to $115.00 and gave the stock an “overweight” rating in a report on Wednesday, July 8th. Eight investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $107.88.

Coca-Cola Europacific Partners Trading Up 0.9%

CCEP stock opened at $106.14 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23. The business’s 50-day moving average is $98.21 and its two-hundred day moving average is $96.61. Coca-Cola Europacific Partners has a 1 year low of $84.65 and a 1 year high of $110.90.

Institutional Trading of Coca-Cola Europacific Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Fulton Bank N.A. lifted its stake in Coca-Cola Europacific Partners by 3.2% in the 1st quarter. Fulton Bank N.A. now owns 3,699 shares of the company’s stock valued at $335,000 after buying an additional 113 shares in the last quarter. Park Avenue Securities LLC raised its stake in Coca-Cola Europacific Partners by 1.9% in the 4th quarter. Park Avenue Securities LLC now owns 6,373 shares of the company’s stock valued at $578,000 after purchasing an additional 119 shares during the last quarter. Parallel Advisors LLC lifted its holdings in Coca-Cola Europacific Partners by 3.7% in the 1st quarter. Parallel Advisors LLC now owns 3,341 shares of the company’s stock valued at $303,000 after purchasing an additional 119 shares in the last quarter. Howard Capital Management Inc. boosted its stake in shares of Coca-Cola Europacific Partners by 2.9% during the 4th quarter. Howard Capital Management Inc. now owns 4,451 shares of the company’s stock worth $404,000 after purchasing an additional 125 shares during the last quarter. Finally, Aaron Wealth Advisors LLC grew its holdings in shares of Coca-Cola Europacific Partners by 5.0% during the fourth quarter. Aaron Wealth Advisors LLC now owns 2,728 shares of the company’s stock worth $247,000 after buying an additional 129 shares in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

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.