Coca-Cola Europacific Partners (NASDAQ:CCEP) Receives $92.40 Average Target Price from Analysts

Coca-Cola Europacific Partners (NASDAQ:CCEP) has received a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $92.40.

A number of research analysts have commented on CCEP shares. UBS Group increased their price objective on shares of Coca-Cola Europacific Partners from $100.00 to $105.00 and gave the company a “buy” rating in a research note on Wednesday, July 2nd. Wall Street Zen downgraded shares of Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research note on Saturday, July 5th. Morgan Stanley cut shares of Coca-Cola Europacific Partners from an “overweight” rating to an “equal weight” rating in a report on Thursday, August 7th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a report on Friday, August 8th. Finally, Barclays dropped their target price on shares of Coca-Cola Europacific Partners from $104.00 to $103.00 and set an “overweight” rating on the stock in a report on Friday, August 8th.

Coca-Cola Europacific Partners Trading Down 1.6%

NASDAQ CCEP opened at $89.11 on Friday. Coca-Cola Europacific Partners has a 12 month low of $73.40 and a 12 month high of $100.67. The company has a debt-to-equity ratio of 1.15, a current ratio of 0.83 and a quick ratio of 0.65. The company has a market capitalization of $41.07 billion, a price-to-earnings ratio of 18.34, a price-to-earnings-growth ratio of 2.63 and a beta of 0.78. The company’s fifty day moving average price is $92.86 and its two-hundred day moving average price is $90.27.

Institutional Trading of Coca-Cola Europacific Partners

Institutional investors and hedge funds have recently modified their holdings of the business. Bank of New York Mellon Corp raised its holdings in shares of Coca-Cola Europacific Partners by 2.2% during the first quarter. Bank of New York Mellon Corp now owns 657,071 shares of the company’s stock worth $57,185,000 after purchasing an additional 13,981 shares during the period. Siemens Fonds Invest GmbH raised its holdings in shares of Coca-Cola Europacific Partners by 79.1% during the fourth quarter. Siemens Fonds Invest GmbH now owns 16,226 shares of the company’s stock worth $1,246,000 after purchasing an additional 7,165 shares during the period. China Universal Asset Management Co. Ltd. raised its holdings in shares of Coca-Cola Europacific Partners by 52.0% during the first quarter. China Universal Asset Management Co. Ltd. now owns 11,385 shares of the company’s stock worth $991,000 after purchasing an additional 3,893 shares during the period. Cetera Investment Advisers increased its holdings in shares of Coca-Cola Europacific Partners by 12.3% in the 4th quarter. Cetera Investment Advisers now owns 31,339 shares of the company’s stock worth $2,407,000 after acquiring an additional 3,435 shares during the period. Finally, Bessemer Group Inc. lifted its position in Coca-Cola Europacific Partners by 3.1% in the 1st quarter. Bessemer Group Inc. now owns 20,141 shares of the company’s stock valued at $1,753,000 after purchasing an additional 605 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

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.