Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock Has Average Price Target of $108.44 According to Brokerages

Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) have been given a consensus rating of “Moderate Buy” by the eleven brokerages that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $108.44.

Several equities research analysts have issued reports on CCEP shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $92.00 price target on shares of Coca-Cola Europacific Partners in a research note on Friday, September 4th. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Wednesday, September 16th. UBS Group cut Coca-Cola Europacific Partners from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $109.00 to $107.00 in a report on Thursday, August 13th. Sanford C. Bernstein restated a “market perform” rating and issued a $106.00 target price on shares of Coca-Cola Europacific Partners in a research report on Wednesday, August 5th. Finally, Weiss Ratings raised Coca-Cola Europacific Partners from a “buy (b)” rating to a “buy (a-)” rating in a research note on Thursday, September 24th.

Coca-Cola Europacific Partners Stock Down 0.6%

NASDAQ CCEP opened at $102.29 on Friday. Coca-Cola Europacific Partners has a 52-week low of $84.65 and a 52-week high of $113.67. The company has a fifty day moving average of $106.03 and a 200-day moving average of $100.18. The company has a quick ratio of 0.68, a current ratio of 0.89 and a debt-to-equity ratio of 1.20.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

A number of hedge funds have recently made changes to their positions in the business. Andra AP fonden lifted its stake in Coca-Cola Europacific Partners by 23.2% in the second quarter. Andra AP fonden now owns 60,456 shares of the company’s stock worth $6,050,000 after purchasing an additional 11,400 shares during the last quarter. National Pension Service increased its holdings in shares of Coca-Cola Europacific Partners by 23.6% in the second quarter. National Pension Service now owns 65,302 shares of the company’s stock worth $6,535,000 after buying an additional 12,468 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Coca-Cola Europacific Partners in the 2nd quarter valued at about $125,000. NewEdge Advisors LLC boosted its holdings in Coca-Cola Europacific Partners by 5.6% during the 2nd quarter. NewEdge Advisors LLC now owns 3,720 shares of the company’s stock valued at $372,000 after acquiring an additional 198 shares during the period. Finally, Groupe la Francaise grew its position in Coca-Cola Europacific Partners by 10.5% during the 2nd quarter. Groupe la Francaise now owns 64,041 shares of the company’s stock worth $6,427,000 after acquiring an additional 6,101 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners plc (NASDAQ: CCEP) is one of the world’s largest Coca-Cola bottlers. The company manufactures, distributes, sells and markets a broad portfolio of beverages, including Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Monster Energy, Costa Coffee and various water, juice and sports-drink brands.

CCEP serves customers across a broad geographic territory spanning Western Europe and the Asia-Pacific region. Its markets include Great Britain, France, Belgium, the Netherlands, Luxembourg, Germany, Spain, Portugal and Iceland, as well as Australia, New Zealand, Indonesia, Papua New Guinea and several Pacific island markets.