Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target Lowered to $83.00 at Barclays

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its target price reduced by Barclays from $86.00 to $83.00 in a report published on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other analysts have also recently issued research reports about the stock. 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. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price target on the stock. Citigroup raised Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, UBS Group boosted their target price on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Four equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $84.11.

Coca-Cola Europacific Partners Trading Up 1.5 %

NASDAQ:CCEP opened at $77.07 on Friday. Coca-Cola Europacific Partners has a 1 year low of $65.74 and a 1 year high of $82.32. The stock has a fifty day moving average price of $76.85 and a two-hundred day moving average price of $76.84. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12.

Coca-Cola Europacific Partners Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were issued a $1.34 dividend. This represents a dividend yield of 2.6%. This is a boost from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. The ex-dividend date of this dividend was Friday, November 15th.

Institutional Trading of Coca-Cola Europacific Partners

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Choreo LLC purchased a new position in Coca-Cola Europacific Partners in the 2nd quarter valued at about $219,000. Envestnet Asset Management Inc. raised its position in shares of Coca-Cola Europacific Partners by 1.8% in the second quarter. Envestnet Asset Management Inc. now owns 547,600 shares of the company’s stock valued at $39,904,000 after buying an additional 9,681 shares during the last quarter. Dimensional Fund Advisors LP raised its position in shares of Coca-Cola Europacific Partners by 126.2% in the second quarter. Dimensional Fund Advisors LP now owns 51,892 shares of the company’s stock valued at $3,786,000 after buying an additional 28,951 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its stake in shares of Coca-Cola Europacific Partners by 34.8% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,322 shares of the company’s stock valued at $1,115,000 after buying an additional 3,959 shares during the period. Finally, Pacer Advisors Inc. boosted its position in Coca-Cola Europacific Partners by 1.2% during the second quarter. Pacer Advisors Inc. now owns 23,772 shares of the company’s stock worth $1,732,000 after acquiring an additional 287 shares during the last quarter. 31.35% of the stock is currently 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.