Coca-Cola Europacific Partners (NASDAQ:CCEP) Reaches New 52-Week High at $78.23

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $78.23 and last traded at $78.20, with a volume of 29358 shares. The stock had previously closed at $77.27.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Barclays increased their price objective on Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Bank of America lifted their target price on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a “buy” rating in a research report on Wednesday, July 10th. Finally, StockNews.com cut Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research note on Sunday, May 19th. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $78.11.

Coca-Cola Europacific Partners Price Performance

The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.72 and a current ratio of 0.91. The business has a 50-day simple moving average of $74.16 and a 200 day simple moving average of $71.92. The firm has a market cap of $35.77 billion, a P/E ratio of 16.91, a price-to-earnings-growth ratio of 3.45 and a beta of 0.89.

Institutional Trading of Coca-Cola Europacific Partners

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. NBC Securities Inc. lifted its position in shares of Coca-Cola Europacific Partners by 12.9% in the 4th quarter. NBC Securities Inc. now owns 1,326 shares of the company’s stock worth $88,000 after purchasing an additional 152 shares during the period. Franklin Resources Inc. grew its holdings in shares of Coca-Cola Europacific Partners by 151.7% during the 4th quarter. Franklin Resources Inc. now owns 107,477 shares of the company’s stock worth $7,173,000 after acquiring an additional 64,784 shares during the period. BNP Paribas Financial Markets raised its position in shares of Coca-Cola Europacific Partners by 79.0% in the 1st quarter. BNP Paribas Financial Markets now owns 477,729 shares of the company’s stock worth $33,417,000 after acquiring an additional 210,780 shares in the last quarter. Grayhawk Investment Strategies Inc. purchased a new position in shares of Coca-Cola Europacific Partners in the 4th quarter valued at approximately $1,110,000. Finally, Nomura Asset Management Co. Ltd. boosted its position in shares of Coca-Cola Europacific Partners by 44.5% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 79,167 shares of the company’s stock valued at $5,284,000 after purchasing an additional 24,391 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

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.