Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Given Average Recommendation of “Moderate Buy” by Brokerages

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) has been assigned an average recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and eight have issued a buy rating on the company. The average 1-year price target among analysts that have covered the stock in the last year is $79.78.

Several brokerages recently issued reports on CCEP. BNP Paribas cut Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a research note on Tuesday, September 10th. Bank of America raised their price target on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. Barclays upped their price objective on shares of Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the stock an “overweight” rating in a research note on Friday, August 9th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research report on Monday, September 9th.

Coca-Cola Europacific Partners Price Performance

Shares of CCEP stock opened at $76.77 on Friday. The company’s 50-day simple moving average is $77.98 and its two-hundred day simple moving average is $74.20. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.85 and a quick ratio of 0.63. Coca-Cola Europacific Partners has a one year low of $56.28 and a one year high of $82.32. The company has a market capitalization of $35.07 billion, a P/E ratio of 16.20, a P/E/G ratio of 3.69 and a beta of 0.90.

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Large investors have recently added to or reduced their stakes in the company. Signaturefd LLC lifted its holdings in shares of Coca-Cola Europacific Partners by 2.6% during the 2nd quarter. Signaturefd LLC now owns 5,735 shares of the company’s stock valued at $418,000 after purchasing an additional 147 shares during the last quarter. Waverly Advisors LLC boosted its holdings in Coca-Cola Europacific Partners by 1.0% in the first quarter. Waverly Advisors LLC now owns 14,856 shares of the company’s stock worth $1,039,000 after acquiring an additional 151 shares in the last quarter. Legacy Financial Advisors Inc. grew its stake in shares of Coca-Cola Europacific Partners by 3.8% during the second quarter. Legacy Financial Advisors Inc. now owns 4,605 shares of the company’s stock worth $336,000 after acquiring an additional 168 shares during the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Coca-Cola Europacific Partners by 0.4% during the second quarter. Wealth Enhancement Advisory Services LLC now owns 46,994 shares of the company’s stock valued at $3,424,000 after acquiring an additional 186 shares in the last quarter. Finally, Genesee Capital Advisors LLC raised its position in shares of Coca-Cola Europacific Partners by 1.9% in the 2nd quarter. Genesee Capital Advisors LLC now owns 11,891 shares of the company’s stock valued at $867,000 after purchasing an additional 217 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors.

Coca-Cola Europacific Partners Company Profile

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.