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

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) have earned an average rating of “Buy” from the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $81.22.

Several analysts have commented on the company. Barclays raised their price objective on Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an “overweight” rating in a report on Thursday, November 7th. BNP Paribas lowered Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a report on Tuesday, September 10th. Evercore ISI raised their price objective on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a report on Wednesday, November 6th. Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a research report on Thursday, October 3rd. Finally, Deutsche Bank Aktiengesellschaft raised their target price on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 9th.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Institutional investors have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its position in Coca-Cola Europacific Partners by 307.3% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock valued at $191,984,000 after purchasing an additional 1,839,321 shares during the period. Point72 Asset Management L.P. raised its position in Coca-Cola Europacific Partners by 144.1% in the second quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company’s stock valued at $87,788,000 after purchasing an additional 711,121 shares during the period. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in Coca-Cola Europacific Partners in the first quarter valued at $47,839,000. Janus Henderson Group PLC purchased a new stake in Coca-Cola Europacific Partners in the third quarter valued at $52,364,000. Finally, Point72 Europe London LLP purchased a new stake in Coca-Cola Europacific Partners in the second quarter valued at $26,341,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock opened at $78.21 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners has a 12-month low of $59.31 and a 12-month high of $82.32. The business’s 50 day moving average is $77.87 and its two-hundred day moving average is $76.06.

Coca-Cola Europacific Partners Increases Dividend

The business also recently disclosed a semi-annual dividend, which will be paid on Tuesday, December 3rd. Investors of record on Friday, November 15th will be given a dividend of $1.34 per share. This is an increase from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. The ex-dividend date is Friday, November 15th. This represents a yield of 2.6%.

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.