Coca-Cola Europacific Partners (NASDAQ:CCEP) Receives $108.22 Consensus Target Price from Analysts

Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) have received a consensus rating of “Moderate Buy” from the eleven brokerages that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $108.7778.

Several research firms have recently weighed in on CCEP. Weiss Ratings cut shares of Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Wells Fargo & Company lifted their price target on shares of Coca-Cola Europacific Partners from $115.00 to $120.00 and gave the company an “overweight” rating in a research report on Monday, August 3rd. UBS Group upped their price objective on Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a report on Wednesday, April 29th. Barclays increased their price objective on Coca-Cola Europacific Partners from $114.00 to $119.00 and gave the stock an “overweight” rating in a research report on Thursday. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $106.00 target price on shares of Coca-Cola Europacific Partners in a research note on Wednesday.

Institutional Trading of Coca-Cola Europacific Partners

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Bayban purchased a new stake in Coca-Cola Europacific Partners in the 4th quarter valued at about $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its stake in Coca-Cola Europacific Partners by 407.1% during the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the company’s stock worth $32,000 after buying an additional 285 shares during the period. Whipplewood Advisors LLC increased its position in shares of Coca-Cola Europacific Partners by 1,537.5% during the first quarter. Whipplewood Advisors LLC now owns 393 shares of the company’s stock valued at $36,000 after acquiring an additional 369 shares during the last quarter. Quarry LP increased its position in shares of Coca-Cola Europacific Partners by 59.1% during the fourth quarter. Quarry LP now owns 393 shares of the company’s stock valued at $36,000 after acquiring an additional 146 shares during the last quarter. Finally, 1248 Management LLC purchased a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at approximately $38,000. 31.35% of the stock is owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Trading Up 0.0%

Shares of CCEP opened at $108.29 on Thursday. Coca-Cola Europacific Partners has a 12-month low of $84.65 and a 12-month high of $113.67. The firm has a 50-day moving average price of $102.53 and a 200 day moving average price of $98.47. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.89 and a quick ratio of 0.60.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.