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

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) has been assigned an average recommendation of “Moderate Buy” from the eleven analysts that are covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $86.88.

A number of research analysts have recently commented on CCEP shares. Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a research note on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 target price on the stock. Kepler Capital Markets downgraded Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Morgan Stanley upgraded Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research report on Monday, December 9th. UBS Group upped their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. Finally, Barclays raised their price target on shares of Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the stock an “overweight” rating in a research note on Thursday, March 6th.

Coca-Cola Europacific Partners Stock Performance

Shares of NASDAQ:CCEP opened at $84.92 on Friday. 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 has a 12 month low of $65.94 and a 12 month high of $88.39. The company has a market capitalization of $39.14 billion, a price-to-earnings ratio of 17.47, a PEG ratio of 4.89 and a beta of 0.91. The firm’s 50-day moving average is $81.80 and its 200 day moving average is $79.18.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

Hedge funds have recently made changes to their positions in the stock. World Investment Advisors LLC purchased a new position in Coca-Cola Europacific Partners during the 3rd quarter worth $6,975,000. Amundi boosted its holdings in Coca-Cola Europacific Partners by 2.9% in the fourth quarter. Amundi now owns 3,078,851 shares of the company’s stock worth $233,716,000 after acquiring an additional 87,675 shares in the last quarter. Transform Wealth LLC grew its stake in shares of Coca-Cola Europacific Partners by 7.7% during the fourth quarter. Transform Wealth LLC now owns 138,691 shares of the company’s stock worth $10,653,000 after acquiring an additional 9,864 shares during the last quarter. Geode Capital Management LLC increased its holdings in shares of Coca-Cola Europacific Partners by 2.9% during the third quarter. Geode Capital Management LLC now owns 2,048,176 shares of the company’s stock valued at $160,138,000 after acquiring an additional 58,247 shares in the last quarter. Finally, Quantbot Technologies LP raised its position in shares of Coca-Cola Europacific Partners by 617.2% in the 3rd quarter. Quantbot Technologies LP now owns 44,660 shares of the company’s stock valued at $3,517,000 after purchasing an additional 38,433 shares during the last quarter. 31.35% of the stock is currently owned by hedge funds and other 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.