Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target Raised to $90.00 at UBS Group

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price objective hoisted by UBS Group from $82.50 to $90.00 in a research report released on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Other analysts have also recently issued reports about the company. Deutsche Bank Aktiengesellschaft upped 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. Sanford C. Bernstein initiated coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 target price for the company. Barclays upped their target price on Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an “overweight” rating in a research report on Thursday, November 7th. BNP Paribas cut Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 target price for the company. in a research report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. cut Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $85.00 to $82.00 in a research report on Wednesday, November 27th. Four analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $84.44.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ CCEP opened at $78.86 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. Coca-Cola Europacific Partners has a 52-week low of $63.80 and a 52-week high of $82.32. The business has a 50-day moving average price of $77.46 and a 200 day moving average price of $76.53.

Coca-Cola Europacific Partners Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, December 3rd. Stockholders of record on Friday, November 15th were paid a dividend of $1.34 per share. This represents a dividend yield of 2.6%. This is an increase from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. The ex-dividend date of this dividend was Friday, November 15th.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Large investors have recently modified their holdings of the business. New Millennium Group LLC purchased a new position in shares of Coca-Cola Europacific Partners during the 2nd quarter worth approximately $37,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Coca-Cola Europacific Partners by 38.1% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock worth $40,000 after buying an additional 139 shares in the last quarter. Plato Investment Management Ltd purchased a new position in shares of Coca-Cola Europacific Partners during the 3rd quarter worth approximately $50,000. Family Firm Inc. purchased a new position in Coca-Cola Europacific Partners in the 2nd quarter valued at approximately $56,000. Finally, Brown Brothers Harriman & Co. increased its stake in Coca-Cola Europacific Partners by 1,604.0% in the 3rd quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock valued at $67,000 after purchasing an additional 802 shares in the last quarter. 31.35% of the stock is owned by hedge funds and other institutional investors.

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.