Wells Fargo & Company Boosts Coca-Cola Europacific Partners (NASDAQ:CCEP) Price Target to $115.00

Coca-Cola Europacific Partners (NASDAQ:CCEP) had its target price boosted by Wells Fargo & Company from $110.00 to $115.00 in a research report issued on Wednesday, MarketBeat reports. The brokerage currently has an “overweight” rating on the stock. Wells Fargo & Company‘s price target would suggest a potential upside of 7.98% from the company’s previous close.

Other equities analysts have also recently issued reports about the stock. Barclays upped their price objective on shares of Coca-Cola Europacific Partners from $106.00 to $108.00 and gave the stock an “overweight” rating in a research report on Thursday, April 30th. Deutsche Bank Aktiengesellschaft reissued a “buy” rating on shares of Coca-Cola Europacific Partners in a research note on Thursday, July 2nd. UBS Group raised their price target on shares of Coca-Cola Europacific Partners from $107.00 to $109.00 and gave the company a “buy” rating in a research note on Wednesday, April 29th. Finally, Weiss Ratings lowered Coca-Cola Europacific Partners from a “buy (b+)” rating to a “buy (b)” rating in a research note on Monday, May 18th. Eight analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $107.12.

Coca-Cola Europacific Partners Trading Down 0.4%

CCEP opened at $106.50 on Wednesday. The company has a quick ratio of 0.60, a current ratio of 0.80 and a debt-to-equity ratio of 1.23. Coca-Cola Europacific Partners has a fifty-two week low of $84.65 and a fifty-two week high of $110.90. The company has a fifty day moving average of $96.25 and a two-hundred day moving average of $95.73.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CCEP. GAMMA Investing LLC increased its holdings in shares of Coca-Cola Europacific Partners by 31.5% in the second quarter. GAMMA Investing LLC now owns 1,086 shares of the company’s stock valued at $109,000 after purchasing an additional 260 shares during the last quarter. Eastern Bank acquired a new stake in shares of Coca-Cola Europacific Partners in the 2nd quarter worth $49,000. Ballast Advisors LLC purchased a new position in shares of Coca-Cola Europacific Partners during the 1st quarter worth $200,000. Parallel Advisors LLC boosted its position in shares of Coca-Cola Europacific Partners by 3.7% during the 1st quarter. Parallel Advisors LLC now owns 3,341 shares of the company’s stock valued at $303,000 after acquiring an additional 119 shares during the last quarter. Finally, NewEdge Advisors LLC boosted its position in shares of Coca-Cola Europacific Partners by 8.1% during the 1st quarter. NewEdge Advisors LLC now owns 3,522 shares of the company’s stock valued at $319,000 after acquiring an additional 263 shares during the last quarter. 31.35% of the stock is currently owned by institutional investors and hedge funds.

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.