Barclays Increases Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target to $78.00

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its target price increased by stock analysts at Barclays from $75.00 to $78.00 in a research note issued on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s target price indicates a potential upside of 8.30% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Deutsche Bank Aktiengesellschaft lifted their target price on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the stock a “buy” rating in a research note on Thursday, March 28th. BNP Paribas upgraded Coca-Cola Europacific Partners from a “neutral” rating to an “outperform” rating and set a $79.00 target price on the stock in a research report on Friday, January 12th. UBS Group lifted their price target on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a research report on Monday, February 26th. Argus increased their price objective on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the stock a “buy” rating in a report on Tuesday, March 19th. Finally, StockNews.com upgraded Coca-Cola Europacific Partners from a “hold” rating to a “buy” rating in a research note on Monday, February 26th. Nine research analysts have rated the stock with a buy rating, Based on data from MarketBeat, Coca-Cola Europacific Partners has a consensus rating of “Buy” and a consensus price target of $75.78.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ CCEP opened at $72.02 on Monday. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72. The stock has a fifty day simple moving average of $69.78 and a two-hundred day simple moving average of $65.95. Coca-Cola Europacific Partners has a 1-year low of $56.28 and a 1-year high of $72.67.

Coca-Cola Europacific Partners (NASDAQ:CCEP) last issued its quarterly earnings results on Friday, February 23rd. The company reported $1.85 EPS for the quarter, meeting analysts’ consensus estimates of $1.85. Sell-side analysts expect that Coca-Cola Europacific Partners will post 4.18 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Norden Group LLC purchased a new stake in Coca-Cola Europacific Partners during the first quarter valued at about $483,000. Silchester International Investors LLP raised its position in Coca-Cola Europacific Partners by 49.5% in the 1st quarter. Silchester International Investors LLP now owns 82,423 shares of the company’s stock worth $5,765,000 after purchasing an additional 27,307 shares during the period. RWA Wealth Partners LLC bought a new stake in Coca-Cola Europacific Partners in the first quarter worth $3,682,000. China Universal Asset Management Co. Ltd. grew its stake in shares of Coca-Cola Europacific Partners by 126.6% during the first quarter. China Universal Asset Management Co. Ltd. now owns 2,060 shares of the company’s stock valued at $144,000 after buying an additional 1,151 shares during the last quarter. Finally, Fjarde AP Fonden Fourth Swedish National Pension Fund increased its holdings in shares of Coca-Cola Europacific Partners by 14.2% in the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 85,514 shares of the company’s stock worth $5,982,000 after buying an additional 10,628 shares during the period. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Company Profile

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.