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

Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a hold rating and eight have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $79.78.

A number of analysts have recently weighed in on CCEP shares. Deutsche Bank Aktiengesellschaft increased their price objective on Coca-Cola Europacific Partners from $78.00 to $90.00 and gave the company a “buy” rating in a research note on Monday, September 9th. Bank of America boosted 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 research report on Wednesday, July 10th. Barclays lifted their price target on Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, August 9th. Finally, BNP Paribas lowered shares of Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective on the stock. in a research note on Tuesday, September 10th.

Coca-Cola Europacific Partners Price Performance

Shares of NASDAQ:CCEP opened at $79.18 on Friday. Coca-Cola Europacific Partners has a 12-month low of $56.28 and a 12-month high of $82.32. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. The stock’s 50-day moving average price is $77.61 and its 200-day moving average price is $74.03.

Institutional Trading of Coca-Cola Europacific Partners

Institutional investors have recently added to or reduced their stakes in the business. Voisard Asset Management Group Inc. purchased a new position in Coca-Cola Europacific Partners in the 4th quarter worth about $33,000. Crewe Advisors LLC bought a new position in shares of Coca-Cola Europacific Partners during the 1st quarter valued at $36,000. New Covenant Trust Company N.A. purchased a new position in shares of Coca-Cola Europacific Partners in the 1st quarter worth $36,000. New Millennium Group LLC bought a new stake in shares of Coca-Cola Europacific Partners in the second quarter worth $37,000. Finally, Mather Group LLC. grew its holdings in shares of Coca-Cola Europacific Partners by 142.0% in the second quarter. Mather Group LLC. now owns 668 shares of the company’s stock worth $47,000 after acquiring an additional 392 shares during the period. 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.