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

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) has earned a consensus recommendation of “Moderate Buy” from the twelve brokerages that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $85.00.

A number of research analysts have issued reports on the company. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Barclays decreased their price target on Coca-Cola Europacific Partners from $86.00 to $83.00 and set an “overweight” rating for the company in a research note on Friday, January 17th. Kepler Capital Markets cut Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday. Evercore ISI boosted their price target on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 18th. 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 target for the company.

Institutional Trading of Coca-Cola Europacific Partners

A number of hedge funds have recently bought and sold shares of CCEP. Norges Bank purchased a new stake in Coca-Cola Europacific Partners during the fourth quarter valued at $190,999,000. Invesco Ltd. increased its position in Coca-Cola Europacific Partners by 26.3% during the fourth quarter. Invesco Ltd. now owns 10,119,928 shares of the company’s stock valued at $777,312,000 after acquiring an additional 2,105,019 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Coca-Cola Europacific Partners by 307.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 2,437,895 shares of the company’s stock valued at $191,984,000 after acquiring an additional 1,839,321 shares during the last quarter. Barclays PLC increased its position in Coca-Cola Europacific Partners by 236.4% during the fourth quarter. Barclays PLC now owns 1,804,855 shares of the company’s stock valued at $138,631,000 after acquiring an additional 1,268,401 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Coca-Cola Europacific Partners by 43.3% during the fourth quarter. JPMorgan Chase & Co. now owns 2,888,100 shares of the company’s stock valued at $221,835,000 after purchasing an additional 872,060 shares during the period. Hedge funds and other institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Stock Up 0.4 %

Shares of NASDAQ:CCEP opened at $87.55 on Wednesday. The stock has a fifty day simple moving average of $78.68 and a two-hundred day simple moving average of $78.36. The stock has a market capitalization of $40.36 billion, a price-to-earnings ratio of 18.01, a PEG ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners has a 12-month low of $65.94 and a 12-month high of $88.39. The company has a current ratio of 0.81, a quick ratio of 0.63 and a debt-to-equity ratio of 1.11.

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.