Coca-Cola Europacific Partners (NASDAQ:CCEP) Given New $99.00 Price Target at Barclays

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its price target raised by Barclays from $98.00 to $99.00 in a research note issued to investors on Thursday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Other analysts have also recently issued reports about the stock. Morgan Stanley raised shares of Coca-Cola Europacific Partners from an “equal weight” rating to an “overweight” rating in a research note on Monday, December 9th. Sanford C. Bernstein started coverage on Coca-Cola Europacific Partners in a research report on Tuesday, December 3rd. They issued a “market perform” rating and a $82.00 price objective on the stock. Evercore ISI boosted their target price on Coca-Cola Europacific Partners from $82.00 to $90.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 18th. Kepler Capital Markets cut Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a report on Tuesday, February 25th. Finally, UBS Group boosted their price objective on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $87.00.

Coca-Cola Europacific Partners Stock Up 1.0 %

Shares of NASDAQ CCEP opened at $86.26 on Thursday. Coca-Cola Europacific Partners has a 12-month low of $65.94 and a 12-month high of $88.39. The firm’s 50-day simple moving average is $82.58 and its 200 day simple moving average is $79.30. 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 has a market cap of $39.76 billion, a price-to-earnings ratio of 17.75, a price-to-earnings-growth ratio of 4.89 and a beta of 0.91.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the company. SBI Securities Co. Ltd. bought a new position in shares of Coca-Cola Europacific Partners during the fourth quarter worth $27,000. Optiver Holding B.V. bought a new position in Coca-Cola Europacific Partners during the fourth quarter worth about $29,000. MassMutual Private Wealth & Trust FSB grew its stake in 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 acquiring an additional 197 shares during the period. Summit Securities Group LLC bought a new stake in shares of Coca-Cola Europacific Partners in the fourth quarter worth about $34,000. Finally, Whipplewood Advisors LLC acquired a new stake in shares of Coca-Cola Europacific Partners during the fourth quarter worth about $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.