Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Receives $84.11 Average PT from Analysts

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) has been given an average recommendation of “Moderate Buy” by the eleven research firms that are presently covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a hold recommendation, seven have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $84.11.

CCEP has been the subject of a number of research analyst reports. Barclays decreased their target price on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Morgan Stanley raised Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Sanford C. Bernstein initiated coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 target price for the company. UBS Group upped their price objective on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a research report on Thursday, December 12th. Finally, Evercore ISI upped their price objective on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 6th.

Coca-Cola Europacific Partners Price Performance

Shares of Coca-Cola Europacific Partners stock opened at $79.12 on Friday. Coca-Cola Europacific Partners has a 12 month low of $65.77 and a 12 month high of $82.32. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. The business has a fifty day simple moving average of $76.95 and a 200 day simple moving average of $77.28.

Institutional Trading of Coca-Cola Europacific Partners

Institutional investors and hedge funds have recently bought and sold shares of the stock. MassMutual Private Wealth & Trust FSB raised its stake in Coca-Cola Europacific Partners by 85.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock valued at $33,000 after buying an additional 197 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in Coca-Cola Europacific Partners by 38.1% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 504 shares of the company’s stock valued at $40,000 after buying an additional 139 shares during the period. Plato Investment Management Ltd bought a new stake in Coca-Cola Europacific Partners in the third quarter valued at approximately $50,000. Whipplewood Advisors LLC bought a new stake in Coca-Cola Europacific Partners in the fourth quarter valued at approximately $52,000. Finally, Brown Brothers Harriman & Co. raised its stake in Coca-Cola Europacific Partners by 1,604.0% in the third quarter. Brown Brothers Harriman & Co. now owns 852 shares of the company’s stock valued at $67,000 after buying an additional 802 shares during the period. Institutional investors own 31.35% of the company’s stock.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.