Barclays Cuts Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target to $84.00

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price target cut by Barclays from $85.00 to $84.00 in a research report released on Friday morning, Benzinga reports. They currently have an overweight rating on the stock.

A number of other equities analysts also recently commented on CCEP. BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an outperform rating to a neutral rating and set a $81.00 target price on the stock. in a research note on Tuesday, September 10th. Citigroup raised shares of Coca-Cola Europacific Partners to a strong-buy rating in a research report on Thursday, October 3rd. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a buy rating in a research report on Monday, September 9th. Finally, Bank of America raised their price target on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a buy rating in a report on Wednesday, July 10th. Two investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, Coca-Cola Europacific Partners presently has a consensus rating of Moderate Buy and an average price target of $80.88.

Coca-Cola Europacific Partners Price Performance

Shares of Coca-Cola Europacific Partners stock opened at $77.96 on Friday. The stock has a market capitalization of $35.61 billion, a P/E ratio of 16.62, a PEG ratio of 3.54 and a beta of 0.90. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12. The business’s fifty day moving average price is $78.40 and its 200 day moving average price is $74.50. Coca-Cola Europacific Partners has a twelve month low of $56.45 and a twelve month high of $82.32.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Hedge funds have recently bought and sold shares of the company. Voisard Asset Management Group Inc. acquired a new position in shares of Coca-Cola Europacific Partners in the 4th quarter worth approximately $33,000. New Millennium Group LLC acquired a new position in Coca-Cola Europacific Partners in the second quarter worth $37,000. Crewe Advisors LLC bought a new stake in Coca-Cola Europacific Partners during the first quarter valued at $36,000. New Covenant Trust Company N.A. acquired a new stake in shares of Coca-Cola Europacific Partners during the first quarter worth $36,000. Finally, Mather Group LLC. lifted its position in shares of Coca-Cola Europacific Partners by 142.0% in the 2nd quarter. Mather Group LLC. now owns 668 shares of the company’s stock worth $47,000 after buying an additional 392 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

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.