Barclays Has Lowered Expectations for Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock Price

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price objective reduced by analysts at Barclays from $86.00 to $83.00 in a report released on Friday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Barclays‘s price objective would indicate a potential upside of 7.69% from the company’s previous close.

Other equities research analysts also recently issued research reports about the company. 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 report on Thursday, December 12th. Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price target for the company. Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Evercore ISI raised their target price on shares of Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th. Finally, Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. Four analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, Coca-Cola Europacific Partners currently has a consensus rating of “Moderate Buy” and an average price target of $84.11.

Coca-Cola Europacific Partners Trading Up 1.5 %

Shares of CCEP stock opened at $77.07 on Friday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. The firm has a 50-day moving average price of $76.83 and a 200 day moving average price of $76.87. Coca-Cola Europacific Partners has a twelve month low of $65.74 and a twelve month high of $82.32.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Several large investors have recently made changes to their positions in the business. Choreo LLC purchased a new stake in Coca-Cola Europacific Partners during the 2nd quarter worth $219,000. Envestnet Asset Management Inc. lifted its stake in shares of Coca-Cola Europacific Partners by 1.8% during the second quarter. Envestnet Asset Management Inc. now owns 547,600 shares of the company’s stock worth $39,904,000 after purchasing an additional 9,681 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Coca-Cola Europacific Partners by 126.2% in the second quarter. Dimensional Fund Advisors LP now owns 51,892 shares of the company’s stock worth $3,786,000 after buying an additional 28,951 shares during the period. Vanguard Personalized Indexing Management LLC grew its stake in shares of Coca-Cola Europacific Partners by 34.8% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 15,322 shares of the company’s stock valued at $1,115,000 after buying an additional 3,959 shares in the last quarter. Finally, Pacer Advisors Inc. raised its holdings in shares of Coca-Cola Europacific Partners by 1.2% during the 2nd quarter. Pacer Advisors Inc. now owns 23,772 shares of the company’s stock valued at $1,732,000 after buying an additional 287 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

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.