Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target Raised to $99.00

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price objective lifted by Barclays from $98.00 to $99.00 in a report published on Thursday,Benzinga reports. Barclays currently has an overweight rating on the stock.

CCEP has been the topic of several other research reports. Evercore ISI lifted their price objective on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the company an “outperform” rating in a report on Tuesday, February 18th. UBS Group upped their price target on shares of Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the company a “buy” rating in a report on Thursday, December 12th. Morgan Stanley upgraded shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a report on Monday, December 9th. Kepler Capital Markets lowered shares of Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research note on Tuesday, February 25th. Finally, JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $85.00 to $82.00 in a research note on Wednesday, November 27th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $87.00.

Coca-Cola Europacific Partners Trading Up 0.0 %

Shares of NASDAQ CCEP opened at $86.30 on Thursday. Coca-Cola Europacific Partners has a twelve month low of $65.94 and a twelve month high of $88.39. The stock has a market cap of $39.78 billion, a price-to-earnings ratio of 17.76, a P/E/G ratio of 4.89 and a beta of 0.91. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The company’s fifty day moving average is $82.76 and its 200-day moving average is $79.33.

Institutional Trading of Coca-Cola Europacific Partners

Hedge funds and other institutional investors have recently modified their holdings of the stock. SBI Securities Co. Ltd. acquired a new position in Coca-Cola Europacific Partners during the fourth quarter valued at approximately $27,000. Optiver Holding B.V. acquired a new stake in shares of Coca-Cola Europacific Partners in the 4th quarter valued at approximately $29,000. MassMutual Private Wealth & Trust FSB grew its stake in shares of Coca-Cola Europacific Partners by 85.3% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 428 shares of the company’s stock valued at $33,000 after buying an additional 197 shares in the last quarter. Summit Securities Group LLC acquired a new position in Coca-Cola Europacific Partners during the fourth quarter worth $34,000. Finally, Whipplewood Advisors LLC bought a new stake in Coca-Cola Europacific Partners during the fourth quarter worth $52,000. Institutional investors and hedge funds own 31.35% of the company’s stock.

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.