Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock Rating Upgraded by Morgan Stanley

Morgan Stanley upgraded shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) from an equal weight rating to an overweight rating in a report released on Monday, Marketbeat Ratings reports.

Other equities analysts also recently issued reports about the company. BNP Paribas downgraded Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price target on the stock. in a research report on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft raised their price objective on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the stock a “buy” rating in a research note on Monday, September 9th. Evercore ISI upped their target price on Coca-Cola Europacific Partners from $78.00 to $82.00 and gave the company an “outperform” rating in a research report on Wednesday, November 6th. Citigroup upgraded shares of Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd. Finally, Barclays raised their price objective on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the stock an “overweight” rating in a research note on Thursday, November 7th. Four investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $83.11.

Coca-Cola Europacific Partners Stock Performance

Coca-Cola Europacific Partners stock opened at $78.72 on Monday. Coca-Cola Europacific Partners has a twelve month low of $62.93 and a twelve month high of $82.32. The business has a fifty day moving average of $77.34 and a two-hundred day moving average of $76.38. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.63 and a current ratio of 0.85.

Coca-Cola Europacific Partners Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, December 3rd. Investors of record on Friday, November 15th were issued a $1.34 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a dividend yield of 2.6%. This is a boost from Coca-Cola Europacific Partners’s previous semi-annual dividend of $0.79.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Several large investors have recently bought and sold shares of CCEP. New Millennium Group LLC purchased a new position in shares of Coca-Cola Europacific Partners in the 2nd quarter valued at about $37,000. Whittier Trust Co. of Nevada Inc. increased its holdings in shares of 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 purchasing an additional 139 shares during the period. Plato Investment Management Ltd acquired a new position in Coca-Cola Europacific Partners during the 3rd quarter worth approximately $50,000. Family Firm Inc. acquired a new stake in shares of Coca-Cola Europacific Partners in the second quarter valued at about $56,000. Finally, Brown Brothers Harriman & Co. grew its holdings 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 purchasing an additional 802 shares during the last quarter. Hedge funds and other 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.