Analysts Set Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) PT at $74.22

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) has earned an average recommendation of “Buy” from the eight research firms that are covering the company, Marketbeat reports. Eight equities research analysts have rated the stock with a buy rating. The average 12 month price target among analysts that have issued a report on the stock in the last year is $74.22.

CCEP has been the topic of a number of analyst reports. Argus increased their price objective on Coca-Cola Europacific Partners from $72.00 to $85.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Coca-Cola Europacific Partners from $68.00 to $77.00 and gave the company a “buy” rating in a report on Thursday, March 28th. StockNews.com cut Coca-Cola Europacific Partners from a “buy” rating to a “hold” rating in a research report on Sunday, May 19th. UBS Group raised their target price on Coca-Cola Europacific Partners from $74.00 to $78.00 and gave the company a “buy” rating in a report on Monday, February 26th. Finally, Barclays upped their price target on Coca-Cola Europacific Partners from $78.00 to $84.00 and gave the stock an “overweight” rating in a report on Tuesday, May 14th.

Coca-Cola Europacific Partners Price Performance

Coca-Cola Europacific Partners stock opened at $74.86 on Friday. Coca-Cola Europacific Partners has a one year low of $56.28 and a one year high of $75.43. The company’s fifty day moving average price is $72.47 and its two-hundred day moving average price is $69.57. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.91 and a quick ratio of 0.72.

Coca-Cola Europacific Partners Cuts Dividend

The firm also recently announced a semi-annual dividend, which was paid on Thursday, May 23rd. Stockholders of record on Friday, May 10th were issued a dividend of $0.79 per share. This represents a dividend yield of 5.6%. The ex-dividend date was Thursday, May 9th.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in CCEP. FIL Ltd increased its position in Coca-Cola Europacific Partners by 9.6% in the 4th quarter. FIL Ltd now owns 3,629,675 shares of the company’s stock valued at $242,245,000 after acquiring an additional 317,936 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Coca-Cola Europacific Partners by 8.2% in the third quarter. JPMorgan Chase & Co. now owns 2,221,296 shares of the company’s stock valued at $138,787,000 after purchasing an additional 168,420 shares in the last quarter. Point72 Asset Management L.P. lifted its holdings in Coca-Cola Europacific Partners by 89.3% during the 4th quarter. Point72 Asset Management L.P. now owns 2,156,056 shares of the company’s stock worth $143,895,000 after buying an additional 1,017,278 shares in the last quarter. Fiduciary Management Inc. WI boosted its position in Coca-Cola Europacific Partners by 25.8% in the 4th quarter. Fiduciary Management Inc. WI now owns 1,785,320 shares of the company’s stock valued at $119,152,000 after buying an additional 365,820 shares during the last quarter. Finally, Northern Trust Corp increased its stake in shares of Coca-Cola Europacific Partners by 24.6% in the 3rd quarter. Northern Trust Corp now owns 1,413,900 shares of the company’s stock valued at $88,340,000 after buying an additional 279,218 shares during the period. 31.35% of the stock is 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.