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

Shares of Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) have been given an average recommendation of “Buy” by the ten brokerages that are covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $81.22.

Several research firms have weighed in on CCEP. BNP Paribas cut Coca-Cola Europacific Partners from an “outperform” rating to a “neutral” rating and set a $81.00 price objective for the company. in a report on Tuesday, September 10th. Barclays lifted their target price on shares of Coca-Cola Europacific Partners from $84.00 to $86.00 and gave the company an “overweight” rating in a research note on Thursday, November 7th. Deutsche Bank Aktiengesellschaft increased their price target on shares of 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 stock an “outperform” rating in a report on Wednesday, November 6th. Finally, Citigroup upgraded Coca-Cola Europacific Partners to a “strong-buy” rating in a research note on Thursday, October 3rd.

Coca-Cola Europacific Partners Stock Down 3.8 %

Coca-Cola Europacific Partners stock opened at $75.76 on Monday. The company has a current ratio of 0.85, a quick ratio of 0.63 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners has a 1-year low of $59.31 and a 1-year high of $82.32. The firm has a 50-day moving average of $78.24 and a 200-day moving average of $75.94.

Coca-Cola Europacific Partners Increases Dividend

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

Hedge Funds Weigh In On Coca-Cola Europacific Partners

Hedge funds have recently bought and sold shares of the company. Whittier Trust Co. of Nevada Inc. increased its stake in Coca-Cola Europacific Partners by 38.1% during the 3rd 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 in the last quarter. Janney Capital Management LLC increased its position in shares of Coca-Cola Europacific Partners by 4.4% during the third quarter. Janney Capital Management LLC now owns 3,417 shares of the company’s stock valued at $269,000 after acquiring an additional 145 shares in the last quarter. Signaturefd LLC raised its holdings in Coca-Cola Europacific Partners by 2.6% in the 2nd quarter. Signaturefd LLC now owns 5,735 shares of the company’s stock worth $418,000 after acquiring an additional 147 shares during the last quarter. Waverly Advisors LLC lifted its position in Coca-Cola Europacific Partners by 1.0% in the 1st quarter. Waverly Advisors LLC now owns 14,856 shares of the company’s stock valued at $1,039,000 after acquiring an additional 151 shares in the last quarter. Finally, CWM LLC boosted its stake in Coca-Cola Europacific Partners by 14.5% during the 3rd quarter. CWM LLC now owns 1,318 shares of the company’s stock valued at $104,000 after purchasing an additional 167 shares during the last quarter. 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.