Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock Has Consensus Price Target of $108.44

Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) have earned an average recommendation of “Moderate Buy” from the eleven ratings firms that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $108.44.

Several brokerages have commented on CCEP. Wells Fargo & Company boosted their price objective 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. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $92.00 target price on shares of Coca-Cola Europacific Partners in a research report on Friday, September 4th. Barclays boosted their target price on Coca-Cola Europacific Partners from $114.00 to $119.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. UBS Group cut shares of Coca-Cola Europacific Partners from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $109.00 to $107.00 in a report on Thursday, August 13th. Finally, Deutsche Bank Aktiengesellschaft restated a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Wednesday, September 16th.

Institutional Trading of Coca-Cola Europacific Partners

A number of hedge funds have recently added to or reduced their stakes in the stock. Andra AP fonden raised its position in Coca-Cola Europacific Partners by 23.2% during the 2nd quarter. Andra AP fonden now owns 60,456 shares of the company’s stock worth $6,050,000 after purchasing an additional 11,400 shares during the last quarter. National Pension Service lifted its holdings in Coca-Cola Europacific Partners by 23.6% during the 2nd quarter. National Pension Service now owns 65,302 shares of the company’s stock worth $6,535,000 after buying an additional 12,468 shares during the period. Integrated Wealth Concepts LLC bought a new stake in shares of Coca-Cola Europacific Partners in the 2nd quarter valued at about $125,000. NewEdge Advisors LLC grew its position in shares of Coca-Cola Europacific Partners by 5.6% in the 2nd quarter. NewEdge Advisors LLC now owns 3,720 shares of the company’s stock valued at $372,000 after buying an additional 198 shares during the last quarter. Finally, Groupe la Francaise increased its stake in shares of Coca-Cola Europacific Partners by 10.5% in the second quarter. Groupe la Francaise now owns 64,041 shares of the company’s stock valued at $6,427,000 after buying an additional 6,101 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Down 0.9%

CCEP stock opened at $100.79 on Friday. The company’s 50-day moving average price is $105.89 and its two-hundred day moving average price is $100.19. The company has a debt-to-equity ratio of 1.20, a current ratio of 0.89 and a quick ratio of 0.68. Coca-Cola Europacific Partners has a 12 month low of $84.65 and a 12 month high of $113.67.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners plc (NASDAQ: CCEP) is one of the world’s largest Coca-Cola bottlers. The company manufactures, distributes, sells and markets a broad portfolio of beverages, including Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Monster Energy, Costa Coffee and various water, juice and sports-drink brands.

CCEP serves customers across a broad geographic territory spanning Western Europe and the Asia-Pacific region. Its markets include Great Britain, France, Belgium, the Netherlands, Luxembourg, Germany, Spain, Portugal and Iceland, as well as Australia, New Zealand, Indonesia, Papua New Guinea and several Pacific island markets.