Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) Receives $80.88 Consensus PT from Brokerages

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) have received a consensus rating of “Buy” from the nine analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $80.88.

A number of analysts recently issued reports on the company. Barclays dropped their price objective on Coca-Cola Europacific Partners from $85.00 to $84.00 and set an “overweight” rating on the stock in a report on Friday, October 11th. BNP Paribas downgraded shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target on the stock. in a report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft raised their price objective 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. Citigroup raised shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a report on Thursday, October 3rd. Finally, Bank of America raised their price target on shares of Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the company a “buy” rating in a report on Wednesday, July 10th.

Institutional Trading of Coca-Cola Europacific Partners

Several institutional investors and hedge funds have recently made changes to their positions in CCEP. Point72 Asset Management L.P. increased its stake in Coca-Cola Europacific Partners by 144.1% in the second quarter. Point72 Asset Management L.P. now owns 1,204,721 shares of the company’s stock valued at $87,788,000 after acquiring an additional 711,121 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new position in shares of Coca-Cola Europacific Partners during the 1st quarter valued at about $47,839,000. Point72 Europe London LLP purchased a new position in shares of Coca-Cola Europacific Partners during the 2nd quarter valued at about $26,341,000. Samlyn Capital LLC lifted its position in Coca-Cola Europacific Partners by 23.2% in the 2nd quarter. Samlyn Capital LLC now owns 1,854,744 shares of the company’s stock worth $135,155,000 after buying an additional 349,466 shares during the last quarter. Finally, Vontobel Holding Ltd. boosted its stake in Coca-Cola Europacific Partners by 2,575.0% in the third quarter. Vontobel Holding Ltd. now owns 256,029 shares of the company’s stock worth $20,244,000 after buying an additional 246,458 shares in the last quarter. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Trading Down 0.6 %

Shares of CCEP stock opened at $77.49 on Thursday. The stock has a market capitalization of $35.40 billion, a price-to-earnings ratio of 16.52, a PEG ratio of 3.54 and a beta of 0.90. The company’s fifty day simple moving average is $79.04 and its two-hundred day simple moving average is $75.17. Coca-Cola Europacific Partners has a 1 year low of $57.48 and a 1 year high of $82.32. 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 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.