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

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price target lowered by research analysts at Barclays from $86.00 to $83.00 in a research note issued to investors on Friday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 7.23% from the company’s current price.

CCEP has been the topic of a number of other research reports. Evercore ISI raised their price target on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an “outperform” rating in a report on Wednesday, November 6th. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. JPMorgan Chase & Co. lowered Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th. Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price objective on the stock. Finally, Citigroup raised Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. Four investment analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $84.11.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ:CCEP traded up $1.44 during trading on Friday, reaching $77.40. 539,833 shares of the company traded hands, compared to its average volume of 1,462,901. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. Coca-Cola Europacific Partners has a 52-week low of $65.74 and a 52-week high of $82.32. The business’s fifty day moving average is $76.87 and its 200-day moving average is $76.85.

Institutional Trading of Coca-Cola Europacific Partners

Hedge funds have recently made changes to their positions in the stock. Lombard Odier Asset Management Europe Ltd lifted its stake in shares of Coca-Cola Europacific Partners by 103.4% in the second quarter. Lombard Odier Asset Management Europe Ltd now owns 92,770 shares of the company’s stock worth $6,760,000 after buying an additional 47,165 shares in the last quarter. World Investment Advisors LLC bought a new stake in shares of Coca-Cola Europacific Partners in the third quarter worth $6,975,000. Diversified Trust Co purchased a new stake in Coca-Cola Europacific Partners during the third quarter valued at $2,513,000. Marshall Wace LLP bought a new position in Coca-Cola Europacific Partners in the second quarter valued at about $1,846,000. Finally, Vontobel Holding Ltd. boosted its position in Coca-Cola Europacific Partners by 2,575.0% in the third quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company’s stock worth $20,244,000 after purchasing an additional 246,458 shares during the last quarter. 31.35% of the stock is 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.