Coca-Cola Europacific Partners (NYSE:CCEP) Research Coverage Started at StockNews.com

StockNews.com assumed coverage on shares of Coca-Cola Europacific Partners (NYSE:CCEP – Get Rating) in a research note released on Thursday. The firm issued a buy rating on the stock.

A number of other brokerages also recently weighed in on CCEP. JPMorgan Chase & Co. lifted their price target on Coca-Cola Europacific Partners to €66.50 ($71.51) and gave the company an overweight rating in a report on Thursday, December 1st. Barclays lowered their target price on Coca-Cola Europacific Partners from $69.00 to $67.00 and set an overweight rating on the stock in a research note on Tuesday, February 21st. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Coca-Cola Europacific Partners from $63.00 to $66.00 in a research note on Thursday, January 5th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and a consensus price target of $61.79.

Coca-Cola Europacific Partners Trading Down 2.6 %

Shares of CCEP stock opened at $55.09 on Thursday. Coca-Cola Europacific Partners has a 1-year low of $41.80 and a 1-year high of $57.63. The company has a current ratio of 0.89, a quick ratio of 0.71 and a debt-to-equity ratio of 1.42. The stock’s fifty day simple moving average is $55.67 and its 200-day simple moving average is $51.78.

Institutional Trading of Coca-Cola Europacific Partners

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. B. Riley Wealth Advisors Inc. acquired a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $484,000. Truist Financial Corp lifted its position in shares of Coca-Cola Europacific Partners by 4.3% in the fourth quarter. Truist Financial Corp now owns 76,666 shares of the company’s stock worth $4,241,000 after buying an additional 3,157 shares during the last quarter. Cerity Partners LLC acquired a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $443,000. Schonfeld Strategic Advisors LLC lifted its position in shares of Coca-Cola Europacific Partners by 46.0% in the fourth quarter. Schonfeld Strategic Advisors LLC now owns 473,064 shares of the company’s stock worth $26,170,000 after buying an additional 148,939 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $388,000. Institutional investors and hedge funds own 28.63% of the company’s stock.

About Coca-Cola Europacific Partners

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Coca-Cola Europacific Partners plc engages in the distribution and sale of non-alcoholic ready to drink beverages. It operates through the following geographical segments: Iberia, Germany, Great Britain, France, Belgium/Luxembourg, Netherlands, Norway, Sweden, and Iceland. The company was founded on August 4, 2015 and is headquartered in Uxbridge, the United Kingdom.