Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock Has Consensus Target Price of $107.11 According to Analysts

Coca-Cola Europacific Partners (NASDAQ:CCEP) has earned a consensus recommendation of “Moderate Buy” from the twelve research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $107.11.

A number of research firms recently issued reports on CCEP. Weiss Ratings upgraded Coca-Cola Europacific Partners from a “buy (a-)” rating to a “buy (a)” rating in a research report on Thursday, October 15th. Barclays lowered their price objective on Coca-Cola Europacific Partners from $119.00 to $112.00 and set an “overweight” rating for the company in a research note on Friday, October 16th. Wells Fargo & Company dropped their target price on Coca-Cola Europacific Partners from $120.00 to $115.00 and set an “overweight” rating on the stock in a research report on Monday, October 5th. ING Group cut Coca-Cola Europacific Partners to a “hold” rating in a research note on Friday, September 18th. Finally, Deutsche Bank Aktiengesellschaft reissued a “buy” rating and set a $114.00 price target (up from $110.00) on shares of Coca-Cola Europacific Partners in a report on Wednesday, September 16th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Sterling Capital Management LLC boosted its position in shares of Coca-Cola Europacific Partners by 7.9% during the 3rd quarter. Sterling Capital Management LLC now owns 234,373 shares of the company’s stock valued at $23,838,000 after purchasing an additional 17,254 shares in the last quarter. Root Financial Partners LLC acquired a new stake in Coca-Cola Europacific Partners during the 3rd quarter valued at $30,000. Cantor Fitzgerald Investment Advisors L.P. acquired a new position in Coca-Cola Europacific Partners during the third quarter valued at $2,582,000. Robeco Institutional Asset Management B.V. boosted its position in Coca-Cola Europacific Partners by 604.7% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 111,249 shares of the company’s stock worth $11,315,000 after acquiring an additional 95,462 shares during the period. Finally, TD Waterhouse Canada Inc. boosted its position in Coca-Cola Europacific Partners by 10.8% during the 3rd quarter. TD Waterhouse Canada Inc. now owns 161,034 shares of the company’s stock worth $16,243,000 after acquiring an additional 15,740 shares during the period. Institutional investors and hedge funds own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock opened at $114.23 on Tuesday. Coca-Cola Europacific Partners has a 52 week low of $84.65 and a 52 week high of $114.55. The company has a current ratio of 0.89, a quick ratio of 0.68 and a debt-to-equity ratio of 1.20. The stock has a 50 day moving average of $105.46 and a 200-day moving average of $101.57.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners plc (NASDAQ: CCEP) is a consumer beverage company and one of the world’s largest Coca-Cola bottlers. The company manufactures, distributes and sells a broad portfolio of branded beverages, including Coca-Cola, Coca-Cola Zero Sugar, Diet Coke, Fanta, Sprite, Schweppes, Fuze Tea, Powerade, Monster Energy and Costa Coffee products, depending on the market.

CCEP serves customers across Europe and the Asia-Pacific region. Its territories include Great Britain, France, Germany, Spain, Portugal, Belgium, the Netherlands, Norway, Sweden and Iceland, as well as Australia, New Zealand, Indonesia, Papua New Guinea and several Pacific island markets.