Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) have received a consensus rating of “Moderate Buy” from the eleven ratings firms that are covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $84.11.

A number of equities analysts have weighed in on CCEP shares. Evercore ISI increased 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 research note on Wednesday, November 6th. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Barclays dropped their price target on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. UBS Group lifted their price objective on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Finally, Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price for the company.

Institutional Trading of Coca-Cola Europacific Partners

A number of hedge funds have recently made changes to their positions in CCEP. Dimensional Fund Advisors LP grew its holdings in Coca-Cola Europacific Partners by 126.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 51,892 shares of the company’s stock valued at $3,786,000 after purchasing an additional 28,951 shares in the last quarter. Marshall Wace LLP acquired a new stake in shares of Coca-Cola Europacific Partners during the second quarter valued at about $1,846,000. AQR Capital Management LLC purchased a new stake in shares of Coca-Cola Europacific Partners during the second quarter worth about $361,000. Creative Planning lifted its stake in shares of Coca-Cola Europacific Partners by 13.1% in the second quarter. Creative Planning now owns 32,743 shares of the company’s stock worth $2,386,000 after acquiring an additional 3,804 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its holdings in Coca-Cola Europacific Partners by 3.2% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,533 shares of the company’s stock valued at $767,000 after purchasing an additional 325 shares during the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

NASDAQ CCEP opened at $80.03 on Friday. The company has a 50-day moving average of $77.03 and a 200-day moving average of $77.31. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners has a 12 month low of $65.77 and a 12 month high of $82.32.

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.