Brokerages Set Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) PT at $84.44

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) has earned an average recommendation of “Moderate Buy” from the eleven analysts that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $84.44.

Several equities analysts have recently commented on CCEP shares. UBS Group upped their price target on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research note on Thursday, December 12th. Sanford C. Bernstein began coverage on shares of Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price for the company. Barclays boosted their price target on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Evercore ISI increased their price objective 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, JPMorgan Chase & Co. lowered Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and cut their target price for the company from $85.00 to $82.00 in a research report on Wednesday, November 27th.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA lifted its stake in Coca-Cola Europacific Partners by 1.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,757,976 shares of the company’s stock worth $217,191,000 after acquiring an additional 32,776 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Coca-Cola Europacific Partners by 307.3% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock worth $191,984,000 after purchasing an additional 1,839,321 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Coca-Cola Europacific Partners by 2.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock worth $160,138,000 after purchasing an additional 58,247 shares during the last quarter. Samlyn Capital LLC grew its stake in shares of Coca-Cola Europacific Partners by 23.2% during the second quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock worth $135,155,000 after purchasing an additional 349,466 shares in the last quarter. Finally, Millennium Management LLC increased its holdings in Coca-Cola Europacific Partners by 7.6% in the second quarter. Millennium Management LLC now owns 1,636,023 shares of the company’s stock valued at $119,217,000 after buying an additional 115,604 shares during the last quarter. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Trading Up 0.1 %

CCEP opened at $75.91 on Tuesday. The stock has a market capitalization of $34.99 billion, a PE ratio of 16.94, a P/E/G ratio of 3.85 and a beta of 0.90. Coca-Cola Europacific Partners has a one year low of $64.75 and a one year high of $82.32. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85. The business’s 50 day moving average price is $77.02 and its 200 day moving average price is $76.83.

Coca-Cola Europacific Partners Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were issued a $1.34 dividend. The ex-dividend date was Friday, November 15th. This is a positive change from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79. This represents a yield of 2.6%. Coca-Cola Europacific Partners’s dividend payout ratio (DPR) is 35.27%.

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.