Coca-Cola Europacific Partners (NASDAQ:CCEP) Receives Average Rating of “Moderate Buy” from Brokerages

Coca-Cola Europacific Partners (NASDAQ:CCEP) has been given a consensus recommendation of “Moderate Buy” by the eleven research firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $107.1250.

Several equities research analysts recently weighed in on the stock. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a research report on Thursday, July 2nd. Wells Fargo & Company increased their target price on Coca-Cola Europacific Partners from $110.00 to $115.00 and gave the company an “overweight” rating in a research note on Wednesday, July 8th. Barclays lifted their target price on Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the stock an “overweight” rating in a report on Thursday, April 30th. Weiss Ratings cut Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Finally, UBS Group upped their price target 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.

Coca-Cola Europacific Partners Stock Down 0.8%

Shares of Coca-Cola Europacific Partners stock opened at $105.18 on Friday. The company has a 50-day simple moving average of $97.95 and a two-hundred day simple moving average of $96.48. Coca-Cola Europacific Partners has a 52-week low of $84.65 and a 52-week high of $110.90. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23.

Coca-Cola Europacific Partners Dividend Announcement

The business also recently announced a dividend, which was paid on Wednesday, May 27th. Shareholders of record on Friday, May 15th were paid a dividend of $0.82 per share. The ex-dividend date was Friday, May 15th. This represents a yield of 213.0%.

Institutional Trading of Coca-Cola Europacific Partners

Institutional investors have recently made changes to their positions in the stock. Bayban bought a new position in Coca-Cola Europacific Partners during the fourth quarter valued at approximately $25,000. Annis Gardner Whiting Capital Advisors LLC boosted its holdings in Coca-Cola Europacific Partners by 407.1% in the first quarter. Annis Gardner Whiting Capital Advisors LLC now owns 355 shares of the company’s stock worth $32,000 after purchasing an additional 285 shares during the last quarter. Whipplewood Advisors LLC grew its position in Coca-Cola Europacific Partners by 1,537.5% in the 1st quarter. Whipplewood Advisors LLC now owns 393 shares of the company’s stock worth $36,000 after purchasing an additional 369 shares during the period. Quarry LP grew its position in Coca-Cola Europacific Partners by 59.1% in the 4th quarter. Quarry LP now owns 393 shares of the company’s stock worth $36,000 after purchasing an additional 146 shares during the period. Finally, 1248 Management LLC purchased a new stake in Coca-Cola Europacific Partners during the 4th quarter valued at $38,000. Hedge funds and other institutional investors own 31.35% of the company’s stock.

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.