Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Receives Average Recommendation of “Buy” from Analysts

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) have been assigned an average rating of “Buy” from the nine analysts that are currently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a hold recommendation, seven have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have covered the stock in the last year is $80.88.

A number of analysts have recently weighed in on CCEP shares. Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. Bank of America increased their price target on 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. Deutsche Bank Aktiengesellschaft boosted their price objective on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a report on Monday, September 9th. BNP Paribas lowered Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price on the stock. in a report on Tuesday, September 10th. Finally, Barclays decreased their price target on Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating for the company in a report on Friday, October 11th.

Institutional Trading of Coca-Cola Europacific Partners

Institutional investors and hedge funds have recently made changes to their positions in the business. Mirae Asset Global Investments Co. Ltd. grew its stake in Coca-Cola Europacific Partners by 20.3% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 80,852 shares of the company’s stock valued at $6,402,000 after acquiring an additional 13,657 shares during the period. Hennion & Walsh Asset Management Inc. raised its position in Coca-Cola Europacific Partners by 24.8% during the third quarter. Hennion & Walsh Asset Management Inc. now owns 16,477 shares of the company’s stock worth $1,298,000 after acquiring an additional 3,275 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of Coca-Cola Europacific Partners in the third quarter valued at about $3,840,000. Private Advisor Group LLC increased its stake in shares of Coca-Cola Europacific Partners by 14.8% during the third quarter. Private Advisor Group LLC now owns 4,230 shares of the company’s stock worth $333,000 after purchasing an additional 545 shares in the last quarter. Finally, Signaturefd LLC increased its stake in shares of Coca-Cola Europacific Partners by 4.2% during the third quarter. Signaturefd LLC now owns 5,977 shares of the company’s stock worth $471,000 after purchasing an additional 242 shares in the last quarter. 31.35% of the stock is currently owned by hedge funds and other institutional investors.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ CCEP opened at $77.48 on Thursday. Coca-Cola Europacific Partners has a 52 week low of $57.48 and a 52 week high of $82.32. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. The firm has a market cap of $35.39 billion, a P/E ratio of 16.52, a P/E/G ratio of 3.54 and a beta of 0.90. The business’s 50 day moving average price is $78.98 and its 200 day moving average price is $74.92.

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.