Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) have received a consensus rating of “Moderate Buy” from the twelve brokerages that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, seven have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $85.00.

Several equities analysts have recently commented on the stock. Kepler Capital Markets cut shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. UBS Group boosted their price objective on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a research report on Thursday, December 12th. Evercore ISI raised their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. JPMorgan Chase & Co. cut Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $85.00 to $82.00 in a report on Wednesday, November 27th. Finally, Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price objective on the stock.

Coca-Cola Europacific Partners Stock Down 1.3 %

CCEP stock opened at $85.82 on Wednesday. Coca-Cola Europacific Partners has a 52 week low of $65.94 and a 52 week high of $88.39. The business has a 50-day simple moving average of $79.76 and a 200 day simple moving average of $78.74. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The company has a market cap of $39.56 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91.

Institutional Trading of Coca-Cola Europacific Partners

Hedge funds and other institutional investors have recently made changes to their positions in the company. World Investment Advisors LLC bought a new stake in Coca-Cola Europacific Partners during the 3rd quarter worth approximately $6,975,000. Transform Wealth LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 7.7% during the fourth quarter. Transform Wealth LLC now owns 138,691 shares of the company’s stock worth $10,653,000 after purchasing an additional 9,864 shares during the period. Geode Capital Management LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 2.9% during the third quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock worth $160,138,000 after purchasing an additional 58,247 shares during the period. Quantbot Technologies LP grew its stake in shares of Coca-Cola Europacific Partners by 617.2% in the third quarter. Quantbot Technologies LP now owns 44,660 shares of the company’s stock worth $3,517,000 after purchasing an additional 38,433 shares during the last quarter. Finally, Vontobel Holding Ltd. increased its holdings in Coca-Cola Europacific Partners by 28.7% in the fourth quarter. Vontobel Holding Ltd. now owns 329,422 shares of the company’s stock valued at $24,651,000 after purchasing an additional 73,393 shares during the period. 31.35% of the stock is currently owned by institutional investors.

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.