Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock Has Consensus Target Price of $107.11

Coca-Cola Europacific Partners (NASDAQ:CCEP) has been assigned a consensus recommendation of “Moderate Buy” from the twelve research firms that are currently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $107.11.

A number of brokerages have weighed in on CCEP. Weiss Ratings upgraded shares of Coca-Cola Europacific Partners from a “buy (a-)” rating to a “buy (a)” rating in a report on Thursday, October 15th. UBS Group restated a “neutral” rating and issued a $107.00 price objective (down from $109.00) on shares of Coca-Cola Europacific Partners in a report on Monday, October 5th. Wells Fargo & Company cut their price target on shares of Coca-Cola Europacific Partners from $120.00 to $115.00 and set an “overweight” rating on the stock in a report on Monday, October 5th. Barclays dropped their price objective on shares of Coca-Cola Europacific Partners from $119.00 to $112.00 and set an “overweight” rating for the company in a research report on Friday, October 16th. Finally, ING Group downgraded shares of Coca-Cola Europacific Partners to a “hold” rating in a research note on Friday, September 18th.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Several hedge funds have recently modified their holdings of the stock. Janus Henderson Group PLC acquired a new position in shares of Coca-Cola Europacific Partners in the 1st quarter valued at approximately $97,058,000. Amundi grew its position in shares of Coca-Cola Europacific Partners by 13.4% during the first quarter. Amundi now owns 3,399,052 shares of the company’s stock worth $308,192,000 after buying an additional 401,683 shares in the last quarter. Cullen Capital Management LLC bought a new stake in shares of Coca-Cola Europacific Partners in the second quarter worth $30,519,000. Arrowstreet Capital Limited Partnership raised its holdings in Coca-Cola Europacific Partners by 157.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 493,118 shares of the company’s stock valued at $44,715,000 after acquiring an additional 301,910 shares in the last quarter. Finally, Bessemer Group Inc. raised its holdings in Coca-Cola Europacific Partners by 14.5% in the first quarter. Bessemer Group Inc. now owns 2,289,254 shares of the company’s stock valued at $207,568,000 after acquiring an additional 289,080 shares in the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

CCEP opened at $110.84 on Tuesday. Coca-Cola Europacific Partners has a 1 year low of $84.65 and a 1 year high of $114.55. The company’s 50 day simple moving average is $105.53 and its 200 day simple moving average is $101.64. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.89 and a quick ratio of 0.68.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners plc (NASDAQ: CCEP) is a consumer beverage company and one of the world’s largest Coca-Cola bottlers. The company manufactures, distributes and sells a broad portfolio of branded beverages, including Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Fuze Tea, Powerade, Monster Energy and Costa Coffee products, depending on the market.

CCEP serves customers across Europe and the Asia-Pacific region. Its territories include Great Britain, France, Germany, Spain, Portugal, Belgium, the Netherlands, Norway, Sweden and Iceland, as well as Australia, New Zealand, Indonesia, Papua New Guinea and several Pacific island markets.