Coca-Cola Europacific Partners (NASDAQ:CCEP) Reaches New 52-Week High – Time to Buy?

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)’s stock price reached a new 52-week high on Thursday . The company traded as high as $91.09 and last traded at $90.37, with a volume of 831863 shares traded. The stock had previously closed at $87.41.

Analyst Ratings Changes

A number of analysts recently commented on CCEP shares. UBS Group boosted their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Barclays boosted their price target on Coca-Cola Europacific Partners from $98.00 to $99.00 and gave the stock an “overweight” rating in a research note on Thursday, March 27th. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Evercore ISI boosted their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Finally, Kepler Capital Markets cut Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $87.00.

Coca-Cola Europacific Partners Price Performance

The company has a debt-to-equity ratio of 1.11, a current ratio of 0.81 and a quick ratio of 0.63. The firm has a market capitalization of $41.75 billion, a PE ratio of 18.67, a P/E/G ratio of 4.89 and a beta of 0.91. The company has a 50-day moving average price of $83.36 and a 200-day moving average price of $79.47.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Hedge funds have recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new position in shares of Coca-Cola Europacific Partners in the fourth quarter valued at approximately $27,000. Optiver Holding B.V. acquired a new position in Coca-Cola Europacific Partners in the 4th quarter valued at $29,000. MassMutual Private Wealth & Trust FSB lifted its stake in shares of Coca-Cola Europacific Partners by 85.3% during the 4th quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock worth $33,000 after purchasing an additional 197 shares during the period. Summit Securities Group LLC acquired a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth $34,000. Finally, Whipplewood Advisors LLC purchased a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter valued at $52,000. 31.35% of the stock is owned by institutional investors and hedge funds.

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.