Coca-Cola Europacific Partners (NASDAQ:CCEP) Stock Rating Lowered by BNP Paribas

BNP Paribas downgraded shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) from an outperform rating to a neutral rating in a research note issued to investors on Tuesday morning, Marketbeat reports. The brokerage currently has $81.00 target price on the stock.

Other equities research analysts also recently issued reports about the company. Bank of America lifted their target price on Coca-Cola Europacific Partners from $80.00 to $82.00 and gave the stock a buy rating in a research report on Wednesday, July 10th. Deutsche Bank Aktiengesellschaft upped 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 report on Monday, September 9th. StockNews.com downgraded shares of Coca-Cola Europacific Partners from a buy rating to a hold rating in a research note on Sunday, May 19th. Finally, Barclays boosted their target price on shares of Coca-Cola Europacific Partners from $82.00 to $85.00 and gave the stock an overweight rating in a research note on Friday, August 9th. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $79.78.

Coca-Cola Europacific Partners Price Performance

NASDAQ CCEP opened at $81.54 on Tuesday. The company has a quick ratio of 0.63, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. Coca-Cola Europacific Partners has a 1 year low of $56.28 and a 1 year high of $82.14. The company has a fifty day simple moving average of $76.23 and a 200 day simple moving average of $73.31.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. Sanctuary Advisors LLC acquired a new position in shares of Coca-Cola Europacific Partners in the second quarter valued at approximately $2,190,000. Cetera Investment Advisers boosted its holdings in Coca-Cola Europacific Partners by 5.6% during the second quarter. Cetera Investment Advisers now owns 26,768 shares of the company’s stock worth $1,951,000 after purchasing an additional 1,425 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Coca-Cola Europacific Partners by 3.2% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 10,533 shares of the company’s stock worth $767,000 after purchasing an additional 325 shares during the last quarter. Creative Planning raised its position in Coca-Cola Europacific Partners by 13.1% during the second quarter. Creative Planning now owns 32,743 shares of the company’s stock worth $2,386,000 after acquiring an additional 3,804 shares in the last quarter. Finally, Scientech Research LLC raised its position in Coca-Cola Europacific Partners by 82.8% during the second quarter. Scientech Research LLC now owns 18,833 shares of the company’s stock worth $1,372,000 after acquiring an additional 8,533 shares in the last quarter. Institutional investors and hedge funds 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.