Coca-Cola Europacific Partners (NASDAQ:CCEP) Receives $107.71 Consensus Target Price from Brokerages

Shares of Coca-Cola Europacific Partners (NASDAQ:CCEP) have received a consensus rating of “Moderate Buy” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $107.7143.

A number of research firms recently weighed in on CCEP. Bank of America restated a “neutral” rating and issued a $96.00 target price (down from $102.00) on shares of Coca-Cola Europacific Partners in a research report on Wednesday, January 14th. Evercore reissued an “outperform” rating and set a $112.00 price target on shares of Coca-Cola Europacific Partners in a research note on Wednesday, February 18th. Barclays boosted their price objective on shares of Coca-Cola Europacific Partners from $101.00 to $111.00 and gave the stock an “overweight” rating in a report on Thursday, February 19th. The Goldman Sachs Group upped their price objective on shares of Coca-Cola Europacific Partners from $98.00 to $110.00 and gave the company a “buy” rating in a research note on Wednesday, February 18th. Finally, Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and issued a $114.00 target price on shares of Coca-Cola Europacific Partners in a research report on Thursday, January 8th.

Coca-Cola Europacific Partners Stock Performance

Shares of CCEP stock opened at $101.72 on Friday. The business has a 50-day moving average price of $95.98 and a two-hundred day moving average price of $92.12. Coca-Cola Europacific Partners has a 12-month low of $80.70 and a 12-month high of $110.90. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23.

Institutional Investors Weigh In On Coca-Cola Europacific Partners

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC grew its position in Coca-Cola Europacific Partners by 10.5% during the 1st quarter. AQR Capital Management LLC now owns 7,131 shares of the company’s stock worth $621,000 after acquiring an additional 677 shares during the last quarter. Geneos Wealth Management Inc. boosted its stake in shares of Coca-Cola Europacific Partners by 23.9% during the first quarter. Geneos Wealth Management Inc. now owns 808 shares of the company’s stock valued at $70,000 after purchasing an additional 156 shares during the period. Assetmark Inc. grew its holdings in shares of Coca-Cola Europacific Partners by 110.2% in the second quarter. Assetmark Inc. now owns 597 shares of the company’s stock worth $55,000 after purchasing an additional 313 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Coca-Cola Europacific Partners by 10.1% in the second quarter. Bank of New York Mellon Corp now owns 723,341 shares of the company’s stock worth $67,068,000 after purchasing an additional 66,270 shares during the last quarter. Finally, First Horizon Advisors Inc. increased its stake in shares of Coca-Cola Europacific Partners by 61.3% in the second quarter. First Horizon Advisors Inc. now owns 363 shares of the company’s stock worth $34,000 after buying an additional 138 shares during the period. Institutional investors own 31.35% of the company’s stock.

Coca-Cola Europacific Partners Company Profile

Coca-Cola Europacific Partners is a major independent bottler and distributor of nonalcoholic ready-to-drink beverages, operating under a long-standing franchise relationship with The Coca-Cola Company. The business manufactures, bottles, sells and delivers a broad portfolio of global and local beverage brands, including still and sparkling soft drinks, waters, juices, sports drinks and ready-to-drink teas and coffees. Its activities encompass production, packaging, marketing and route-to-market distribution for retail, foodservice, convenience and vending customers.

The company was created through the combination of Coca-Cola European Partners and Coca-Cola Amatil in 2021, bringing together beverage operations across Europe and the Asia-Pacific region.